Solana to surpass all-time high despite activity decline, expert predicts

Solana
witnessed
a
30%
drop
in
total
value
locked
but
the
blockchain
has
a
chance
to
make
new
highs
soon.

According
to

DefiLlama,
the
value
of
decentralized
applications
fell
by
$10
billion
in
April. In
addition,
the
total
value
locked
(TVL) of
the

Solana
blockchain has
fallen
from
a
March
peak
of
$4.64
billion
to
$3.8
billion
at
the
time
of
writing.

The
decline
in Solana’s performance
occurred
against
the
backdrop
of
a
decline
in
the
excitement
around

meme
coins
in
this
blockchain,
and the
fall
of
Bitcoin
(BTC)
after
its
rapid
growth
in
March.

However,
Tristan
Frizza,
founder
of
decentralized
exchange
Zeta
Markets,
believes
that

Solana
is
on
track
to
reach
and
potentially
surpass
its
all-time high, despite
the
recent
decline
in
activity.

“Solana,
as
an
ecosystem,
is
here
to
stay.
It
continues
to
be
a
leader
in terms
of active
addresses,
transactions,
and
volumes.
The
recent
challenges
with
network
congestion
have
served
as
a
catalyst
for
improvements
in
the
network,
the
user
interface,
and
the
speed
of
decentralized
applications.”

Tristan
Frizza,
Founder
of
Zeta
Markets

Solana
aims
make
headway
behind
Stripe’s
crypto
re-entry

Moreover,
he
said,
recent
events
such
as
the
announcement
of

Stripe
and
the
demonstration
of
payments
using
Solana
further
validate
the network’s potential
to
attract
retail
users
and
generate
sales
at
scale.
Thus,
Solana
has
every
chance
to
remain
in
the
top
three
ecosystems
in
this
cycle.

“Solana’s ascent
to
a
top
three
blockchain
by
market
cap
seems
inevitable.”

Tristan
Frizza,
Founder
of
Zeta
Markets

In
April,
the
international
payment
system
Stripe announced
its
return
to
the
crypto
market. For
the
first
time
since
2018,
the
company
will
begin to
support
transfers
in
cryptocurrencies. Stripe
customers will
be
able
to accept
payments
in

USDC

stablecoin
on

Solana,

Ethereum,
and

Polygon
blockchains.
In
the
future,
the
company
plans
to
add
support
for
other
digital
assets
and
blockchains.