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.

• 10 stocks we like better than Solana ›

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,…