Solana, a blockchain platform, is gaining popularity due to its speed and low transaction fees, attracting users who trade memecoins. While memecoins are currently the main use case for Solana, the platform's long-term vision is to house capital markets within a shared global system. Solana's chief architect, Anatoly Yakovenko, aimed to make blockchains faster and cheaper by applying principles from wireless technology. Solana launched in 2020 and introduced "proof-of-history," a feature that allows for faster transaction processing. The platform's native token, SOL, is used to secure the network. Solana handles over 1,000 transactions per second, far surpassing Bitcoin and Ethereum. The platform has experienced outages but continues to grow, particularly after a dip in price following FTX's bankruptcy in 2022. Solana's potential for internet capital markets, where various assets can be traded within the same system, is seen as its more serious use case. With its speed and low fees, Solana has the potential to achieve this goal.



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