Krutika Adani
Solana is in high demand, and this is reflected in its on-chain stats. Solana’s on-chain transactions have increased from 17.5 million per day last year to 37.8 million per day this month.
Solana has a limited supply and is delfationary at the rate of 15% per annum till 2031. This limits the fall in its price just like gold.
Unlike gold which has limited real life utility, Solana is very useful in our daily lives be it in transactions, defi or even operating blockchain-based apps.
The unique blockchain consensus structure (Proof of History) in Solana helps it attain a high network capacity and high transaction speeds.
At press time, Solana has reached $147 and might attempt to cross $163 within August.