In a recent keynote at Solana Accelerate, Cathie Wood emphasized the growing momentum of the Solana blockchain. She highlighted key indicators such as declining transaction costs, rapid adoption rates, and increased developer engagement. “Solana clearly stands out when we look for falling costs and accelerating uptake,” Wood noted. 2021’s market crash impacted many crypto projects but not Solana, which has emerged stronger than before. By July 2024, it even surpassed Ethereum in new developer activity, signifying a shift in builder interest.
Wood further stated that while Ethereum leans towards institutional investors, Solana caters to consumer needs with its agility, low cost, and rapid evolution. These characteristics are attracting both real users and developers at scale.
“Follow the developers,” Wood advised. “They’re showing us where the real innovation is happening.”
This article can be found on Coindoo.