Solana (SOL) is a fully decentralized public blockchain that enables the launch and development of scalable DApps. It is considered to be one of the fastest blockchains in the world, with relatively lower gas costs. Solana has also been often compared to Ethereum. Here are some highlights:
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So far, more than 400 new projects have been launched on Solana, and more are expected
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Solana is also very scalable and its network is associated with low gas prices.
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It is also considered one of the fastest blockchains in the world.
So what are the most exciting projects on Solana for investors? Here is a selection of the 2 best today:
Serum (SRM)
Serum (SRM) is a decentralized exchange (DEX) and DApp ecosystem designed to deliver exceptional transaction speeds and low fees. Built on Solana, the DEX is totally unlicensed and detained. SRM is the native Serum DEX token. It is used for governance and platform transactions.
Data source: Tradingview.com
At the time of publication, SRM was trading at $ 3.43 which is significantly undervalued. Decentralized exchanges should develop in the years to come. In addition, with the speed and scalability of Solana, and the development of a robust Serum ecosystem, the future outlook for SRM looks rather positive.
Saber (SBR)
Saber (SBR) is an automated market maker designed to facilitate the exchange of crypto assets on Solana. The platform allows users to trade various assets, including stable coins. It also has cash pools and yield farms to help investors maximize returns.
SBR is its native token and while at the time of writing the coin is trading well below its all-time highs this year, there is plenty of potential for near-term growth. The token was trading at $ 0.06407, with a market cap of around $ 632 million.
