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Lost SOL? Persistent challenges continue to impact Solana price -Breaking

by Mike Robinson

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Lost SOL? Solana prices continue to suffer from persistent problems

For cryptocurrency, the past 30 days have seen a bearish period. The total market capitalization for the entire sector fell 33% to $1.31 Trillion.SOLThe downfall of SOL has been more severe. SOL is currently experiencing a 50% correction, with trades starting at $51.

Solana/USD Price at Coinbase (NASDAQ) (blue) vs. Altcoin Capitalization (orange). TradingView

It aims at Overcome the problem of blockchain’s scalingBy integrating a proof of history (PoH), mechanism into a Proof-of-stake(PoS) Blockchain. PoH allows Solana to delegate a central node that will determine the transaction time for which all members of the network can reach an agreement.

Solana network Total Value Locked, SOL. Source: Defi Llama
Solana dApps 7 day on-chain data. Source: DappRadar
Futures of Solana aggregate open interest. Source: Coinglass