The boom of DeFi and the arrival of institutional investors is fueling the mass adoption of many blockchains, but at the same time it has highlighted the limits of some blockchains in terms of scalability, as in the case of Ethereum, which currently can only validate 15 transactions per second, making gas fees for each transaction extremely high.
More scalable blockchains with lower transaction costs are taking advantage of this, and Solana is among them: the price of Solana (SOL) has increased 195% in the last month, going from a low of $12.19 on March 26 to a new all-time high of $37.95 today April 22nd with a record trading volume.
Let's compare the performance of Solana with tits competitors:
So fast transactions, low transaction costs, growth of a DeFi ecosystem on Solana (Serum is the most famous decentralized exchange developed on Solana), the proliferation of new Dapps developed on the Solana blockchain are driving Solana to new All Time Highs.
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