Global #Solana

LayerZero has officially launched on Solana, marking a significant step towards a more interconnected blockchain ecosystem.

Solana validators will receive a larger share of SOL tokens following the approval of a governance proposal on Monday, with 77% of voters supporting the change. Validators play a crucial role in maintaining the security and functionality of the Solana blockchain by verifying transactions.

Aptos, a layer-1 blockchain platform created by former Facebook employees, recently set a new benchmark in blockchain transactions. On May 25, Aptos recorded an impressive 115.4 million transactions in a single day, significantly outpacing Solana's 31.7 million, as reported by Aptoscan.

The daily trading volume of decentralized exchanges (DEX) on Solana [SOL] has decreased, contrasting with the figure three days prior, which exceeded $1.5 billion. This decline is notable compared to Solana's performance in April when its DEX volume reached a monthly high of $60 billion.

The Solana blockchain has emerged as a prominent player in the cryptocurrency arena, drawing attention for its impressive throughput and low transaction fees. Many experts see it as a formidable competitor to Ethereum's dominance.

On May 22, 2024, Brian Kelly, a prominent figure in the crypto investment realm and a trader on CNBC's 'Fast Money', suggested that Solana (SOL) could potentially become the next cryptocurrency featured in a spot exchange-traded fund (ETF) in the United States.