Solana, a cryptocurrency launched in 2020, has experienced significant price volatility, peaking at $259 in 2021 before dropping below $10 in late 2022. Despite its rocky history, including a connection to the FTX collapse, Solana has regained investor trust, showcasing robust developer interest and increasing transaction volumes, positioning itself as a key player in the Web3 ecosystem. With a market cap of $99 billion, it ranks as the sixth most valuable cryptocurrency, indicating strong potential for future growth amid evolving market conditions.
