Developers said the Solana (SOL) blockchain may be four times faster than it is presently at a Solana Breakpoint symposium in Lisbon. The Solana network’s DeFi and Metaverse ecosystems boost token usage.
PayPal is determined to grow its payment network.
Paypal Vice President Jose Fernandez da Ponte stated the corporation was watching cryptocurrencies including Ethereum, Solana, Polkadot, and Algorand in a recent episode of the Exclusive podcast.
To maximize payments, the online payment platform continually monitors layer-1 and layer-2 platforms. According to Fernandez, he said:
If you ask me in six weeks, I’m confident I’ll be able to give you four or five new names. It’s a lot of fun.
The founder of SOL, Anatoly Yakovenko, presented at the Breakpoint Conference. According to Yakovenko, Solana is four times slower than it should have been, according to linked terms. The earth’s center has a light intensity of 110 milliseconds. It will take a lot of sweat, blood, and tears to get there, but in principle, that may be the network’s theoretical speed limit.
The Solana blockchain, according to its creators, might be faster than it is now. SOL has been extremely volatile since September, according to CryptoCompare data, with daily volatility of 88.7%.
The surge in volatility has always signaled the start of the SOL price meeting. The majority of the $12.5 billion total locks on Solana’s network is on a limited exchange.
Over the last two months, DEXes have increased SOL usage and acquisition. Renowned analysts have examined the SOL price movement and assume that the altcoin will rise to $300 as cryptocurrency receives major market support.
Solana Price Chart – Source: CoinMarketCap