The Solana blockchain has achieved a record number of active addresses in October, indicating its increasing popularity in the blockchain and cryptocurrency space. The platform is known for its high trading volume and low transaction costs. Additionally, major financial institutions Citi and Fidelity have developed a proof of concept for a digital foreign exchange (FX) swap using blockchain technology. This concept will be showcased at the Singapore Fintech Festival and aims to reduce settlement times for cross-currency transactions from days to seconds, potentially revolutionizing international finance. The project demonstrates the growing interest of traditional financial institutions in integrating blockchain for enhancing financial systems.



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