Staking offers traders and investors a chance to earn passive income with their assets. Only tokens on the proof-of-stake platforms can be used for staking, with Ethereum, Solana, and Cardano as the most popular.
Solana
The Solana blockchain is the most popular platform for developing meme coins. Solana boasts a robust infrastructure with low fees, scalable and fast transactions, and supports popular meme coins like Dogwifhat, BOME, and Bonk.
21Shares joins VanEck in submitting applications to launch spot Solana ETFs. The market is currently tracking the prices and anticipating a favorable decision for SOL.
Altcoins refer to all other cryptocurrencies other than Bitcoin. In recent years, the definition has expanded to coins other than Bitcoin and Ethereum since many cryptos are forked from one of the two.
Solana is a Layer 1 blockchain offering fast, inexpensive and efficient transactions, making it a viable alternative to Ethereum for dApps and De-Fi projects.