Solana has completed another successful year. 2023 has been full of challenges, but the Solana community has made it an eventful year.
It’s no surprise that we’re getting closer to $100 prices again. Currently trading at $99, the token is up 17.34% in the last 24 hours. The one-week growth rate accumulated to 31%, and last month it gained 82.43% in value.
These numbers are why cryptocurrency traders review them all. Solana Predictions Assess growth. This price surge is not simply a result of market optimism. To achieve this result, the Solana community maintained its composure for the longest time.
The network maintained high throughput and low fees even during the coldest periods. It was in December 2022 that people started receiving unique tokens with the Shiba Inu logo in their wallets. This was the beginning of the Solana project and Bonk, a token used in dApps. A year later, the token dominates Web3 circles.
Solana kicked off 2023 with the release of Saga on Solana Mobile. Web3-based mobile devices are now completely sold out. In February 2023, Helium migrated from the L1 blockchain to Solana. It took Helium a month to complete the migration, and Solana helped the network throughout the journey.
This year has also seen incredible results for Solana DeFi 2.0. The project brings new tools driven by the decentralized community. We saw the launch of Armada, TBTC bringing BTC to Solana, and Maple Finance returning to Solana.
Given the rapid rise in popularity of AI, it made sense for Solana to integrate this technology. The network has implemented a plugin to help AI interact with the Solana blockchain. This allows developers to create unique tools that combine the powerful capabilities of AI and blockchain.
The Solana community came together to celebrate Solana’s expansion through two hackathons. Named Hyperdrive and Grizzlython, the event attracted a record number of submissions. Hyperdrive brought 900 projects to its network despite unfavorable market conditions.
Names like Mastercard have joined hands with Solana Foundation to bridge the gap between Web2 and Web3 businesses. Even Visa has reached out to Solana to expand its USDC stablecoin pilot program. Solana also integrates with Shopify to offer USDC payments for millions of businesses. As the year comes to a close, Solana is looking forward to ending it on a high note.