Summary
TLDR: Interest in decentralized finance (DeFi) on Solana is growing, with over $2 billion locked in DeFi apps on the blockchain. Despite a recent surge, Solana has a long way to go to reach the highs of the 2021 bull run. Solana is a popular crypto network aiming to compete with Ethereum, offering cheaper and faster transactions. Major brands like Visa and Shopify are showing interest in utilizing Solana’s blockchain. Despite concerns, Solana’s price has surged, currently standing at $106.79.
Key Points
1. Interest in decentralized finance (DeFi) on Solana has surged, with the total value locked on the blockchain surpassing $2 billion again.
2. Solana is a popular crypto network and the blockchain behind the fifth biggest cryptocurrency by market cap, SOL, aiming to compete with Ethereum.
3. More interest is flowing into the Solana space as it offers a cheaper and faster network compared to Ethereum, attracting big money investors and major brands like Visa and Shopify.