 ▲ Solana (SOL) © Coin Leaders |
Coinbase's David Duong and David Han, heads of institutional cryptocurrency research, released a report on the 28th (local time) showing that Solana (SOL) is on the rise this week due to several catalysts, including Bitcoin (BTC) and Bitcoin (BTC). It was evaluated to have achieved outstanding performance compared to Ethereum (ETH).
The report said, “Over the past seven days, Solana has risen 9%, while Bitcoin and Ethereum have fallen more than 4% and 2%, respectively,” and “Major Solana blockchain technologies such as ZK Compression, Action, and Blockchain Link (Blink) “The launch and U.S. asset management company VanEck’s application for the Solana spot ETF are assessed to have played a catalyst role,” he explained.
GSR Market, one of the largest market makers in the cryptocurrency industry, also said in a report on the 27th, “With Solana’s outstanding technology and the changing political situation in the United States, SOL was able to join the ranks of spot ETFs following BTC and ETH. “It is not unlikely that the SOL spot ETF will be approved by the U.S. Securities and Exchange Commission (SEC),” he said.
Meanwhile, GSR Market predicted, “Solana could rise 1.4 times in a bearish scenario, 3.4 times in a standard scenario, and 8.9 times its current price in a bullish scenario.”
Meanwhile, according to Solana Blockchain Explorer Solscan, as of the first half of this year, Solana's average TPS (transactions per second) was about 2,200, and the transaction success rate was over 80%.
Previously, WooBlockchain reported that the blockchain with the highest daily average TPS was Solana. Sui, BSC, Polygon, and Toncoin followed.
