Blockchain
Solana will surpass the all-time high despite the decline in activity, expert predicts
Solana has seen a 30% drop in total value locked, but blockchain has the potential to reach new highs soon.
Second DefilLama, the value of decentralized applications fell by $10 billion in April. Furthermore, the total value locked (TVL) of the Solana At the time of writing, blockchain has fallen from its March peak of $4.64 billion to $3.8 billion.
Source: DefiLlama
The decline in Solana’s performance occurred against the backdrop of a decline in enthusiasm around meme coins in this blockchain, and the fall of Bitcoin (Bitcoin) after the rapid growth in March.
However, Tristan Frizza, founder of the decentralized exchange Zeta Markets, is convinced Solana is on track to reach and potentially surpass its all-time high, despite the recent decline in activity.
“Solana, as an ecosystem, is here to stay. It continues to be a leader in terms of active addresses, transactions and volumes. Recent network congestion challenges have served as a catalyst for improvements in the network, user interface, and speed of decentralized applications.”
Tristan Frizza, Founder of Zeta Markets
Solana’s Goals Make Progress Behind Stripe’s Crypto Reentry
Additionally, he said, recent events such as the announcement of Band and the demonstration of payments through Solana further confirm the network’s potential to attract retail users and generate sales at scale. Therefore, Solana has every chance to remain among the top three ecosystems in this cycle.
“Solana’s rise into the top three blockchains by market capitalization seems inevitable.”
Tristan Frizza, Founder of Zeta Markets
In April, the international payment system Stripe announced its return to the cryptocurrency market. For the first time since 2018, the company will begin supporting cryptocurrency transfers. Stripe customers will be able to accept payments in USDC stable currency ON Solana, EthereumAND Polygon blockchain. In the future, the company plans to add support for other digital assets and blockchain.