Solana Dominates Statistics

Excuse me for disturbing your holiday with a random post about cryptos. You should all know by now that Solana has risen an astounding 1040% so far this year surpassing $114. Yes, I know several other crypto currencies have risen 3000 and 5000 this year, but Solana is no silly altcoin with 5 decimals to the left that makes you excited for 2 days before bankrupting you later in the week.  Solana has now reached the top rank of Decentralized Exchange Volumes (DEX) at 40%-- meaning it has processed 40% of all decentralized exchange transactions, surpassing Ethereum, Polygon and Avalanche. It has also hit the top rank of decentralized active users (DAU) ahead of Ethereum, Cardano, Polygon and Avalanche. Finally, Solana reached 3rd in the ranking of market capitalisation (excluding Stable coins). I remember entering Solana in spring of 2021 near $60 setting a target of $200, but allowed greed to get the best of me, staying through the $259 peak and watched it retrace more than 70%.  Today is a different story. I informed our WhatsApp Broadcast Group over the weekend about my crypto portfolio (Bitcoin, two altcoins and a basket of BTC miners). Solana is one of those two altcoins.  As traders realise Solana broke above the psychological $100 level but is 150% below the record high when fundamentals were far below current levels (adoption, use, ecosystem), imagine the wall of new money. Merry Christmas.

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