In a comeback story for the ages, Solana surged from the depths of crypto’s winter in 2022 into the limelight this year, becoming one of the most utilized blockchains for crypto enthusiasts and retail novices alike.
“Chewing glass is in our DNA, and we’ll get through together.” Solana co-founder Anatoly Yakovenko posted on Twitter (aka X) during the winter of 2022.
Fast forward two years, amid expanding risk appetites and meme coin mania, Solana in 2024 has witnessed explosive user growth.
The blockchain is poised to shake old narratives about its frequent outages and technical inferiorities, with impending technological unlocks like software client Firedancer just around the corner.
With the price of its native token—SOL—jumping nearly 200% in the last year, Solana now sits as the fifth largest cryptocurrency by market cap, as improved regulatory clarity and ETF speculation have Solana enthusiasts hoping for even more in the near future.
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Author: Logan Hitchcock
