Solana's value and popularity have surged over the past month, with its market capitalization increasing by $28 billion and its transaction priority fee rising 10-fold. However, the blockchain's user experience has been affected by fees and congestion, leading to the creation of Solana Virtual Machine (SVM) blockchains. Solana is taking inspiration from Ethereum's playbook by introducing interoperability through SVM blockchains and its Phantom wallet. The involvement of President Donald Trump's crypto projects and the attention drawn by memecoins like TRUMP and MELANIA have contributed to Solana's growth. As Solana modularizes, more networks can be expected to be added to Phantom's wallet menu, along with an influx of pitches from issuers of SVM-compatible native tokens.
Content Editor ( protos.com )
- 2025-01-23
Solana devs copy Ethereum playbook with SVM blockchains
