Oddbean new post about login | logout SOL struggles to reclaim $145, but Solana network fundamentals remain solid: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718020626067-YAKIHONNES3.jpg SOL, the native token of the Solana network, has been unable to close above $145 since July 3. This lackluster performance can be partially explained by decreased investor interest in cryptocurrencies, which caused the sector’s aggregate market capitalization to drop by 5% in nine days.
The Solana network has gained attention for its fast transaction speeds and low costs, making it an attractive platform for decentralized applications (dApps) and various projects in the cryptocurrency space . Solana's ecosystem includes projects such as liquid staking Jito, Marinade, and Kamino, which have significant amounts of deposits. Additionally, Solana has seen increased developer activity, institutional interest, and growth in the DeFi ecosystem, NFTs, and gaming verticals
