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Inside the Solana hype and why prices of Bonfida, Serum, and Raydium are surging Inside the Solana hype and why prices of Bonfida, Serum, and Raydium are surging

Inside the Solana hype and why prices of Bonfida, Serum, and Raydium are surging

The Solana ecosystem is surging in both application launches and prices. But why?

Inside the Solana hype and why prices of Bonfida, Serum, and Raydium are surging

Cover art/illustration via CryptoSlate

While the crypto market plunged by several percent last week, a sliver of coins running on the Solana ecosystem remained in the green, data from several sources shows.

The moves could be attributed partly to the blockchainโ€™s low-fee, high throughput capabilities, and partly to one of the biggest public backers of the Solana projectโ€”FTX founder Sam Bankman-Fried.

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