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Franklin: Solana's growth is likely to continue, solidifying its position as the third largest cryptoasset

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2024-05-03 03:44:34
On May 3rd, Franklin Templeton released the Solana report, which believes that Solana's growth is likely to continue, solidifying its position as the third largest cryptoasset after BTC and ETH.
Solana crypto activity began to accelerate in the fourth quarter of 2023, when Solana Eco-Airdrop created a wealth effect of more than $1 billion in the ecosystem, driving the rise of SOL and other ecosystem tokens, especially Meme; Solana is most likely to bring the next wave of adoption in several areas are DePIN, payments (especially micropayments), compressed NFT, xNFT, and CLOB (Centralized Limit Order Book)/order flow payments, etc. A major catalyst for addressing congestion due to high demand is the Solana validator client side Firedancer developed by Jump Crypto, which will go live later this year
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