In a recent podcast interview with US investor Chamath Palihapitiya, Palihapitiya stated that the key propositions in his projects in the blockchain ecosystem are quite exciting.

Touching on the working principles of blockchain networks, Palihapitiya added his thoughts that Solana (SOL) could play a very important role in the global payment industry in the future.

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Alkesh Shah: Solana could be the Visa of the crypto ecosystem

Recently, Bank of America's digital asset strategist shared similar views on Solana (SOL). Bank of America digital asset strategist Alkesh Shah suggested that Solana could become the Visa of the crypto ecosystem in the future, thanks to its scalability despite various security problems.

Shah underlined that it is very important for Solana (SOL) to offer ease of use compared to Ethereum (ETH) with low transaction fees and high transaction speed.

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Is the rise in Solana temporary?

Although Solana's current market share in the DeFi ecosystem is on the rise, many experts on the subject think that this rise is temporary due to the Solana (SOL) network's problems with decentralization and security.

Many experts point out that the problem of high transaction fees in the Ethereum (ETH) network can be resolved in the future, pointing to the network outages that have occurred many times in the past and that lasted for hours in the Solana (SOL) network, and argue that Ethereum can take over the market dominance again in the long run.

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Solana (SOL) price is trading at $103.70, according to CoinGecko data at the time of writing. Solana (SOL) has a trading volume of $1,456,922,948 in the last 24 hours. Solana (SOL) price has increased by 5.3% in the last 24 hours. There is a supply of 330 Million Solana (SOL) coins in circulation, with a total supply of 508 Million coins.