LIVE๐ ๐ฆ๐ผ๐น๐ฎ๐ป๐ฎ (๐ฆ๐ข๐) ๐ถ๐ ๐ผ๐ป ๐ณ๐ถ๐ฟ๐ฒ! ๐ฅ
In the last month, Solana's price has surged a whopping 80%, leaving Bitcoin and Ripple (XRP) in the dust. ๐
Just when you thought Solana was down and out after a tough year, it's back stronger than ever, reaching levels not seen since August 2022. ๐
Solana's remarkable recovery has been nothing short of impressive, with a 40% gain for the year and an astonishing 80% gain for the month, outshining the giants of the crypto world like BTC, ETH, and XRP. ๐ช
What's driving this meteoric rise? The launch of Firedancer, a new validator client for the network by Web3 development firm Jump Crypto, is the catalyst. It promises to enhance speed, reliability, and validator diversity, with the mainnet launch expected in the first half of 2024. ๐ฅ
Solana's growth isn't just about price; it's about community and developer support. With over 40% year-over-year growth in its developer base and a dedicated Solana fan base, it's becoming the hot topic on social media. ๐ฌ
And to top it off, Solana-based products are outpacing the competition, with a 74.1% increase in Assets Under Management (AUM) reaching $140 million in October. ๐
Meanwhile, Ethereum products are seeing a decline, with a 5.45% drop in AUM, reducing it to $6.35 billion. Ethereum's market share has fallen to 20.1%, down from 22.6% during the same period. ๐
In the battle of "Ethereum Killer," Solana is showing its might and gaining ground. Keep an eye on this crypto powerhouse! ๐
NFA DYOR ๐
