Solana (SOL) trading volume soars as DeFi investors seek ETH alternatives
Cointelegraph
Published Jan 10, 2021 08:15PM ET
Updated Jan 10, 2021 10:00PM ET
2021 got off to a quick start and the current crypto bull market has seen assets like Bitcoin (BTC) and Ether (ETH) shoot to new all-time highs on an almost daily basis.
While new price highs are positive for investors, they do present a range of challenges relating to fees, transaction speeds and the centralization of what is meant to be a decentralized ecosystem. Since mid-2020 institutional investors have been steadily flooding into cryptocurrency and this is exacerbating the issue of scalability, high transaction costs and lengthy confirmation times on the Bitcoin and Ethereum blockchain.
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Written By: Cointelegraph
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