Altcoins News

Story: Solana (SOL) Can Process 50k Transactions per Second in the Cryptocurrency Space

By Maheen Hernandez

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Solana (SOL) Snippet News  

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Solana's speed is something that one should experience for themselves. Solana (SOL) claim to be the fastest growing cryptocurrency.

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Solana recently cleared up confusion on "Unlocked" and "Circulating" Solana supply. Unlocked: Tokens that are not bound by transfer restrictions.

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Of note, the best projects in DeFi, Web3, and blockchain gaming are choosing to build on Solana for the long-term. 

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Serum, Audius, Terra, akash, Chainlink, Civic, Bonfida, Stardust, anchor and more are just a few to name from the many partnerships, collaborations, and integrations.

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Year 2020 despite the challenges imposed by the pandemic, the Solana ecosystem flourished and grew exponentially.

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For clarity, Solana has more than 100 project integrations covering DeFi, Blockchain Gaming, and Web3 verticals.

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Those who are interested in building on Solana should check the ecosystem page with direct links to the grants program, documentation, and forms to submit a sample existing…

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A general overview is available in the developer page providing information around the core innovations that make up Solana.

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Velas recently announced their alignment with Solana. Of note, EVM support is facilitated Velas team.

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Velas tweeted:  “Velas is excited to announce a major evolution in our project, leveraging and forking the solana codebase to give Velas one of the fastest blockchain speeds…

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Solana recently announced the official integration of USDC-SPL on TrustWalletApp.  Of note, Trust Wallet now supports the receiving and sending of USDC via the Solana…

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Of note, Solana is the only chain today that can settle 50k+ txns per second, with fees as low as $0.00001 per txn.

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