According to FTX CEO Sam Bankman-Fried, Solana, which has been touted as the “Ethereum (ETH) killer”, is attracting great interest from institutional investors.
Solana (SOL) managed to outperform XRP in market cap a few days ago.
Unaffected by the recent market crash, the asset managed to hit an all-time high of $213 on September 9.
Solana made it to Coinmarketcap’s top 10 cryptoassets list for the first time in August.
The most important feature of Solana compared to its competitors is that it allows 50,000 transactions per second and low gas fees.
Critics argue that Solana is more centralized than Ethereum. However, despite these views, Solana continues to rise.
The asset is trading at $170.09 at the time of writing, according to Coinecko data.
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