Maximise your Metaverse potential, giving you daily rewards and a passive income of 0.5% daily I'm going in!

Ethereum competition Solana reaches the 7th spot in crypto top 10

3 min reading

The Solana network's cryptocurrency has climbed to 7th place among the top 10 largest virtual coins in the globe.

The cryptocurrency connected to the Solana network has reached the seventh spot among the world’s top 10 largest virtual coins in between the believe that blockchain could become the long-term competitor to Ethereum.  

Solana’s SOL token has increases in about three weeks with a market value more than $41 billion. Proponents tout the speed and lower cost of transactions on Solana for decentralised finance and digital collectibles where Ethereum is on top. “Solana has a growing ecosystem, projects are being built on it, and its benefitted hugely from the mania that’s taking place in NFTs,” Antoni Trenchev, co-founder at crypto lender Nexo. NFTs are non-fungible tokens used to trade digital collectibles.

The crypto figure Sam Bankman-Fried-chief executive of crypto exchange FTX is supporting. Solana bills itself as the fastest blockchain and website shows the average cost per transaction is $0.00025. in June it declared that it had raised $314 million in a funding round with investors such as Bankman-Fried’s Alameda Research, venture capital firm Andreessen Horowitz, Polychain Capital and CoinShares. 

During last month, Jump Trading-affiliated crypto market data provider pyth Network went live on Solana’s mainnet, a growth which helped to increase the world of decentralised finance. There are plans to broadcast market data through the so-called wormhole Network. “It’s becoming too big to ignore and offers a different smart contract solution to Ethereum,” Joanathan Cheesman, head of over-the-counter and institutional sales at FTX. Other coins like Solana’s SOL, Cardano’s ADA and Binance Coin have increased in recent weeks stealing the show from Bitcoin and Ether in a broad crypto revival from a May rout. Bitcoin has also rallied close to $52,000. Skeptics believe the technological upgrades push some tokens might not be validate the scale of rallies.

Currency Exchange rate Buy cryptocurrency

Maximise your Metaverse potential,
giving you daily rewards and a passive income of 0.5% daily

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net ( Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.