Solana, the blockchain that makes high transaction speed its strong point and which recorded record growth in 2023, recently announced, through the Solana Foundation, a series of extensions for SPL tokens (standard of the Solana chain ) designed to broaden adoption opportunities by businesses and improve users' user experience.
*SPL stands for Solana Program Library and is a framework that allows developers to create fungible (FT) and non-fungible (NFT) tokens on the Solana blockchain.
Specifically, the new measures aim to improve security, compliance and privacy, with the possibility of having greater control over commissions, performing "confidential" transfers and exploiting a more rigorous control mechanism, thus allowing companies to enter the blockchain world in smoother way.
Paxos and GMO-Z** are already taking advantage of these innovative features to launch new stablecoins on the network.
** GMO-Z is a Japanese company specializing in blockchain and DeFi, owner of the GYEN and ZUSD stablecoins and finally, an investor in Solana.
In addition to the incredible performance of the SOL token in 2023, the prospect of Solana's development also appears to be attracting new investors, adding other important players among the promoters of growth.
I remind you that among Solana's investors there are VISA, Coinbase Ventures, Multicoin Capital, CMS Holdings and many others.
A token that has shown some signs of weakness in recent weeks (after such a huge climb, it was normal to expect it), slipping to 80 dollars.
However, there already seem to be signs of recovery, at the same time as the selling pressure on Bitcoin is easing, which is affecting the entire cryptocurrency market in recent weeks.
In fact, in a few hours, the SOL token reached 92 dollars (01/26/2024).
But it doesn't end there, Solana's TVL (Total Value Locked) recorded a new high of $1.18 billion, up 500% from the low of $210 million recorded in December 2022.
A number of factors have driven these values, including the number of projects developing apps on the network, new investors and new partnerships.
In conclusion, we can safely say that investors are increasingly confident in Solana technology and its potential for the DeFi industry.
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