In the realm of altcoins, Solana maintains the crown with its incredible transaction speeds and utmost low fees. Solana currently has over $11 billion locked in TVL, which surpasses the TVL value of many of the Ethereum Layer-2s together. The blockchain continues to grow in the grassroots, surpassing 11.16 million wallets containing at least 0.1 SOL.
In the pursuit of further decentralization, Solana has lately authorized new validator partnerships, including an alliance with BonkDAO to inaugurate a BONK-burning validator node. Institutional participation is intensifying, however, with DeFi Development Corp (DFDV) having over 600,000 SOL in its treasury. With block times averaging 400ms through high-throughput architecture, the network grows further in gaming, NFTs, and DeFi.
Amid Solana’s breakout attempt, a rounded bottom pattern was carved out, with a neckline situated at $180. Being a short-term resistance, the technical perspective sees a break above $183 as leading to a run at $210 and higher.
Why has this coin made it to this list? Combining lightning-fast execution with real-world uses and ever-increasing developer activity, Solana is truly among the best buy altcoins of the week. Web3 developers are attracted strongly to its speed characteristics.
