I happened to come across some news about the cryptocurrency market. Among them, one name kept catching my eye: Solana.
One keyword also kept appearing repeatedly—“why Solana is rising.” For some reason, unlike other coins, people were attaching explanations like “technology,” “speed,” and “gas fees.”
Solana had already become a platform where various projects were being built thanks to its fast processing speed and low transaction fees. It was growing especially quickly in the fields of NFTs, gaming, and DeFi.
Of course, there had been several critical issues in the past, such as network outages. However, the development team has since improved the architecture, and the platform is now regarded as more stable.
All these factors combined to create the current upward trend. That’s the essence of why Solana is rising. However, I also learned there is something to be careful about within this trend.
That is the “funding fee.” On the surface, it may look like you make money as the price rises, but in futures trading, you also incur costs to maintain positions. Especially when too many people enter long positions, funding fees increase, and the money you actually receive decreases even if you’re making a profit.
That’s why it’s not enough to just follow the trend and go long. You must understand why it’s rising—in other words, clearly understand the reason behind Solana’s rise before making a move.
Funding fees derive from the underlying reasons for the price increase and the imbalance in positions. If you don’t understand the cause, you might get trapped in an unfavorable cost structure.
In this post, I want to summarize the recently discussed reasons behind Solana’s rise. I also want to cover the concept of funding fees and precautions many people often overlook.
In today’s market, where there is an overflow of information and headlines shift multiple times a day, having the ability to identify the core is the most powerful tool.
That’s why I decided to approach things more carefully—not just accepting the rise of Solana at face value, but viewing it from technical, market, and psychological perspectives. I believe this leads to more stable decision-making in margin or futures trading.
If you’re someone who’s also preparing for a new start like I was, I hope this summary helps you find your direction.
Above all, I want to emphasize that those who move with a clear understanding of why Solana is rising are the ones who ultimately succeed in the market. There are definitely opportunities, even for those who start late.
If you haven’t signed up for Binance yet, I recommend doing so through the link below. You can receive a 20% fee discount, so don’t miss this chance.
🔸Go to receive a 20% fee discount on Binance
Even existing users, not just new members, can receive the 20% discount if the following five conditions are met:
You are already registered on Binance.
The invitee has never accepted an invitation before.
The invitee has not traded or used any Binance services on their account within the past 180 days.
When the eligible invitee opens the link and logs in, a confirmation screen will appear.
When the invitee clicks [Bind Now], the binding will take effect.