Solana (Sol) conquered the markets: 8.5 % course increases and records in network fees set trends in the crypto sector

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Solana (SOL): Aufschwung und zunehmendes Interesse im Kryptomarkt Während Bitcoin (BTC) im Mittelpunkt der Aufmerksamkeit vieler Anleger steht, vollzieht sich hinter den Kulissen eine bemerkenswerte Entwicklung bei Solana (SOL). Am 24. März 2023 stieg der SOL-Kurs um 8,5 % und durchbrach damit erstmals seit zwei Wochen wieder die Marke von 142 US-Dollar. Dieser Anstieg ist jedoch nicht nur das Ergebnis einer positiven Marktstimmung, sondern wird auch von spezifischen Entwicklungen im Solana-Ökosystem unterstützt. Netzwerkaktivität und Transaktionsgebühren Ein entscheidender Faktor für den jüngsten Aufschwung ist die steigende Netzwerkaktivität von Solana. Am 23. März 2023 wurden über 1 Million US-Dollar an Transaktionsgebühren generiert, …
Solana (Sol): upswing and increasing interest in the cryptom market while Bitcoin (BTC) is the focus of many investors' attention, a remarkable development at Solana (Sol) takes place behind the scenes. On March 24, 2023, the SOL course rose by 8.5 % and broke the $ 142 mark for the first time in two weeks. However, this increase is not only the result of a positive market mood, but is also supported by specific developments in the Solana ecosystem. Network activity and transaction fees A decisive factor for the latest upswing is the increasing network activity of Solana. On March 23, 2023, over $ 1 million was generated in transaction fees ... (Symbolbild/KNAT)

Solana (Sol): upswing and increasing interest in the cryptoma market

While Bitcoin (BTC) is the focus of many investors' attention, a remarkable development at Solana (Sol) takes place behind the scenes. On March 24, 2023, the SOL course rose by 8.5 % and broke the $ 142 mark for the first time in two weeks. However, this increase is not only the result of a positive market mood, but is also supported by specific developments in the Solana ecosystem.

Network activity and transaction fees

A decisive factor for the latest upswing is the increasing network activity of Solana. On March 23, 2023, over $ 1 million was generated in transaction fees, which is remarkable compared to the $ 350,000 from Ethereum. This situation is particularly important because Solana had previously struggled by 93 % with a drastic decline in network fees.

Return to a healthy transaction volume is funded by platforms such as Jupiter Dex, Kamino and the Liquid Staking Protocol Jito. The total value that is bound in the Solana smart contracts is now $ 6.8 billion-so Solana is ahead of BNB Chain, which reaches $ 5.4 billion.

Return of the risky systems

The new purchase interest in Solana coincides with a broader recovery of the cryptom market. Investors also show interest in more risky systems, including memoins. An additional impulse came through a social media contribution by Donald Trump via his own Trump-Memecoin, which triggered a domino effect. In the Solana ecosystem, memecoins such as Fartcoin (Fart), WIF and PEPE rose by double-digit percentages.

The combination of political influence and the return of the memoins further promotes commercial activity on Solana. In addition, the network with a staking return of 7.7 % remains attractive, which is well above the inflation rate.

trust under professional traders

Another remarkable sign for the growing trust in Solana is the increasing activity of large traders on stock exchanges such as Binance. On March 23, 2023, the ratio of long-to-short positions on Solana reached a value of 2.4- the highest level in over two months. This indicates a trust in future price increases, possibly driven by speculation about a potential spot ETF for Solana.

According to the head of digital research at Vaneck, the US stock exchange supervision could make a decision about such an ETF this year. If this is the case, it could stimulate the institutional interest and strengthen Solana's position among the big blockchains.

Current price development

At the time of writing, the Solana course is $ 138.60, which corresponds to an increase of 11.7 % in the last seven days. The trading volume has increased by an impressive 63.5 % to $ 3.84 billion in the last 24 hours.

Overall, Solana shows a promising development that is promoted both by internal growth drivers and by external market conditions. Investors should keep an eye on the further developments, since Solana could possibly play an even more important role in the cryptom market.