Pantera Capital released a report addressing Solana as a major player in the future of blockchain. Waning interest in meme coins could hamper Solana's growth. Solana's price drops briefly below $130 for the first time since May. Pantera Capital released a report on Friday stating Solana's rising influence in blockchain, surpassing that of Ethereum amid a slight decline in the price of SOL.
It also states that Solana features a holistic architecture that aims to optimize every part of its blockchain, resulting in faster innovation, improved security, and a smooth user experience compared to the Ethereum network. Read more:Solana kicks out validators extracting value from users through sandwich attacks Pantera's faith in the Solana network follows a heavy investment in SOL tokens acquired via auctions of the defunct FTX exchange holdings over the past few months.
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