TLDR Crypto · MISCELLANEOUS

ARE WE HEADING INTO A SOLANA BULL MARKET?

cryptopragmatist.com10 min read

Summary from the TLDR Crypto newsletter

The Solana ecosystem has shown real resilience through a brutal bear market, with the price of its token, SOL, 6xing from the lows so far. This comeback has been driven by a surge in developer and institutional interest, despite previous setbacks from a close association with FTX. Key indicators show Solana's resilience, including a significant rise in TVL and an increase in users. However, occasional network outages and potential security issues could be potential roadblocks in its path to challenge Ethereum as the main L1 ecosystem.