About This Trend
Solana is a high-performance blockchain platform that utilizes a proof-of-stake (PoS) consensus mechanism to enable smart contract functionality. Its native cryptocurrency is SOL, which powers the network and facilitates transactions and staking.
Solana is currently trending due to several factors, including the launch of the first Solana Staking ETF (SSK), which debuted with significant trading volume and inflows. Additionally, the recent integration of Chainlink's CCIP on Solana has been highlighted as a major advancement for Web3 development, and the cryptocurrency's price has shown volatility with traders anticipating potential rallies.