Solana (left) price, on Sunday, May 17, over $ 170, attracted the attention of investors. In the last 30 days, 27.3 percent increase in the value of the left, the crypto money market was affected by the positive air. Ethereum $2,509.75‘s performance in the same period was recorded as a 35 percent rise. These developments have comparable the performances of Solana and other Blockchain platforms.
Solana (left)
This increase in Solana’s price was particularly associated with the decrease in interest in Layer-2 solutions and the importance of Layer-1 basic structures. Experts, fixed transaction fees and strong technical infrastructure, investors’ interest in Solana’ya claimed. According to market analysis, Solana’s technological innovations and transaction speed are advantageous compared to Layer-2 projects.
Layer-2 solutions have recently come to the forefront in the Blockchain ecosystem to increase the volume of transaction and reduce network blockage. However, Solana’s current performance increased confidence in the advanced structure of Layer-1 networks. In this context, investors began to reconsider their interest in Layer-1 networks.
Mert, CEO of Helius, was included in these discussions with his statements on the social media platform X. Mert’s statements rejected the claim that the Layer-2 platforms attracted the “fee alpha” from Layer-1. This sharing aroused significant repercussions in the crypto ecosystem and viewed more than 63 thousand times.
Helius CEO Mert: ”The technical and economic architecture of Layer-1 can offer a more resistant structure compared to Layer-2 competitors.”
According to experts, Mert’s statements were considered as a factor that strengthens Solana’s current price movements. Investors think that Solana is advantageous compared to its competitors in terms of both technical infrastructure and economic structure.
Advantage of layer1 solutions
The price movements of large networks such as Solana and Ethereum gained strength with the positive atmosphere in the general market. The increase in the interest of investors has enabled the process volumes to rise to the highest levels.
Market experts and analysts are united in the coming period that Layer-1 projects may remain on the agenda. In particular, Solana’s latest performance may lead to reshaping of investor expectations. It is emphasized that every new description and market data can quickly change the direction in crypto currencies. The fact that the layer2 solutions cannot be unlimited and that the cake in that area is large competition is great.
The competition that investors sue between Layer-1 and Layer-2 technologies enables the ecosystem to accelerate innovation. Solana’nın price rise and technical characteristics, in the coming days to remain on the agenda of the crypto currency seems to be a candidate. Nevertheless, careful actions in the market, where price fluctuations are high, stands out. Crypto investors are recommended to follow both technical and economic developments closely. Recently, transaction fees have played a significant role in the competition of blockzinciri and are taken into consideration in investment decisions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
