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Solana (SOL) Adds 40% in a Week, Becomes Top Performing Heavyweight: Reasons

Company

GETBLOCK

July 20, 2022

2 min read

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Slowly, but surely, crypto markets are showing the signs of the most promising recovery of the ongoing ‘Crypto Winter’. Solana (SOL), Ethereum (ETH), and Binance Coin (BNB) are among the large-cap altcoins.

Solana (SOL) is 40% up in seven days

Solana (SOL), the ninth largest cryptocurrency by market capitalization, is the only altcoin besides Ethereum (ETH) that increased its price by more than 33% in the last seven days.

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Image by CoinGecko

It is only outperformed by Ethereum (ETH), a second cryptocurrency, that received a huge catalyst when its devs decided to announce The Merge date. Ethereum (ETH) is going to migrate towards Proof-of-Stake (PoS) in mid-September, 2022.

Bitcoin (BTC), XRP, Cardano (ADA) and other large-caps besides Dogecoin (DOGE) and stablecoins also printed double-digit gains.

Upcoming Solana’s (SOL) smartphone release made headlines

Solana’s SOL marvelous upsurge can be attributed to a group of factors. However, the release of Saga, a crypto-centric smartphone with a software development kit for Solana (SOL) nodes, is definitely the most powerful of them.

As covered by GetBlock previously, Solana’s Saga phone will have built-in crypto payments and NFTs functionality. Its SDK is also set to open mobile-first blockchain development for the next generation of Web3 builders. As such, Solana (SOL) nodes can on-board new decentralized applications in Q3, 2022.

Some analysts even pointed out that the release of the phone might be a crucial milestone for Web3 adoption as a whole.

GetBlock’s Solana (SOL) nodes: Maximum performance for dApps

GetBlock’s Solana (SOL) nodes stack is a top-tier ecosystem of solutions for dApps developers. GetBlock offers shared and dedicated nodes of Solana (SOL). Our API endpoints guarantee reliable and low-cost connection for all partners.

Solana (SOL) dedicated nodes allow their clients to send unlimited requests to blockchain while Solana (SOL) shared nodes are available in free and paid tariffs.

Company

GETBLOCK

July 20, 2022

2 min read

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