“We’re seeing a lot of Layer-1 chains out there and they’re all choosing different tradeoffs. These things are not just better than the other,” Tushar Jain, Managing Partner at Multicoin Capital, said. “We’re very interested in exploring different parts of these tradeoffs. One of our big bets in this space is an alternative layer-1 called Solana.”
Solana’s SOL token down nearly 8% as Solana Mainnet creaks under a high transaction load
SOL’s price has reached new highs in recent days as many competitors have dipped.
The US Securities and Exchange Commission is investigating Coinbase, allegedly threatening to sue the popular exchange if they launch their forthcoming lending product.
Amid the sea of losses for major cryptos, Solana’s native token hit an all-time high of $194.82 on Tuesday morning.
Ethereum, Solana reached benchmark highs on Friday amid the surging popularity in NFTs