Solana Bridges Over $100 Million in Crypto in the Past 7 Days

IconCryptoNewsTerminal Staff08 Jul, 2024

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Solana Bridges Over $100 Million in Crypto in the Past 7 Days

Solana (SOL) is a high-performance blockchain that has been gaining traction in the cryptocurrency market. Recently, Solana Floor, the ecosystem news platform of Solana-based portfolio dashboard Step Finance, announced that over $100 million has been bridged to the Solana chain from other chains via DeBridge Finance, Wormhole, and others in the past 7 days. This is a significant development for Solana, as it shows that developers and users are increasingly adopting the platform. The influx of capital to Solana is likely due to a number of factors, including the platform's low transaction fees, fast transaction speeds, and growing ecosystem of decentralized applications (dApps). Solana is also home to a number of popular DeFi protocols, such as Saber and Serum, which have attracted a large number of users. The growth of Solana is a positive sign for the cryptocurrency market as a whole. It shows that there is a demand for high-performance blockchains that can support a wide range of applications. Solana is well-positioned to capitalize on this demand, and it is likely to continue to grow in the coming months and years.

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