Franklin Templeton: Solana’s growth is likely to continue, solidifying its position as the third-largest crypto asset

2024-05-03 11:38:20BlockBeats

According to BlockBeats, on May 3, Franklin Templeton released the Solana report, which believes that Solana's growth is likely to continue, consolidating its position as the third largest crypto asset after BTC and ETH. Solana crypto activity began to accelerate in the fourth quarter of 2023, when the Solana ecosystem airdrop created a wealth effect of more than $1 billion in the ecosystem, driving the rise of SOL and other ecosystem tokens, especially Meme coins; Solana is most likely to bring the next wave of adoption in several areas, including DePIN, payments (especially micropayments), compressed NFTs, xNFTs, and CLOBs (centralized limit order books)/order flow payments; a major catalyst for solving congestion problems caused by high demand is the Solana validator client Firedancer developed by Jump Crypto, which will be launched later this year.

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Price	$59,711.98 USD	Price Change (24h)	+3.79%	Trading Volume (24h)	$30,324,690,717.85 USD
Market Cap	$1,240,294,633,858.64 USD	Circulating Supply	19,766,371	Max Supply:	21,000,000

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Franklin Templeton: Solana’s growth is likely to continue, solidifying its position as the third-largest crypto asset

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