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Pantera Capital analysts expect Solana's share in the Tier 1 blockchain market to grow

Bits.media / 20.06.2024 / 07:17
Pantera Capital analysts expect Solana's share in the Tier 1 blockchain market to grow
Pantera Capital analysts Franklin Bee, Cosmo Jiang and Eric Wallach presented a report in which they announced the upcoming growth of Solana's capitalization due to Ethereum and other tier 1 networks.

In their report, Franklin Bi, Cosmo Jiang and Eric Wallach praise Solana for its "monolithic architecture", which gives this blockchain significant advantages over others.

"Solana's monolithic design and relentless focus on optimization provide clear advantages in terms of user experience, flexibility for developers and security. As the industry develops, these Solana strengths will enable the network to thrive and increase its market share at the expense of competing ecosystems. Although the creators of Solana still have a lot of problems to solve, the basic principles of this blockchain are already working to the fullest. The acceptance of retail users is growing, more and more developers are striving to create revolutionary applications based on Solana, and capitalization is growing. The architectural advantages and a strong, active community clearly point to the brilliant prospects of the project," the document emphasizes.

Analysts also noted that recently Solana has become the leader in the number of tokens being launched. This, of course, allows you to increase the amount of commissions, users and interest in this blockchain.


At the time of publication, SOL is trading at $133, and the capitalization is $61.7 billion, which allows Solana to occupy the fifth place in the CoinMarketCap rating.

Earlier, Pantera Capital announced investments in TON and expressed confidence in the bright future of the Telegram messenger.

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