Key Points

• Developers can use the Solana network to build decentralized applications, which are popular in areas like gaming and finance.

• Solana was designed to address some of the limitations in the Ethereum network, making it a faster and cheaper alternative.

• Solana’s network activity appears to be increasing, which should, in theory, create value for the Solana cryptocurrency over the long term.

The total value of all cryptocurrencies in circulation peaked at $4.4 trillion in late 2024, and it has since plummeted by 45% to just $2.4 trillion as I write this, with the declines accelerating over the last few months. None of the major tokens or coins have escaped the carnage, not even those with genuine use cases that are supposed to drive…