Solid Spot ETF Demand Not Enough to Offset Macro Headwinds, Leading to 7% Decline in Solana

Solana (CRYPTO: SOL) continues to be one of the most sought-after cryptos in the market, for good reason. This smart-contract-enabled proof-of-stake blockchain can churn out transactions faster than almost any other blockchain out there, at a fraction of the cost of what users on other large networks will pay.As such, Solana is where a significant percentage of overall utility ends up being created, whether that be in the development or usage of decentralized applications.That said, this top Layer 1 network has seen a sharp sell-off in today's session, with Solana's native SOL tokens down 7.8% over the past 24 hours, as of 2:45 p.m. ET.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool