CryptoSlate
VanEck said the Solana (SOL) network’s high user engagement and transaction volume largely reflect its low-cost, high-throughput design despite substantial revenues stemming from speculative memecoin activity. The firm’s latest analysis comes in response to speculation that Solana’s numbers are inflated by wash trading in memecoins. Many critics argue that this makes SOL’s growth less notable […]
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VanEck counters skepticism, highlights Solana’s high transaction allure
Assad Jafri
03:26
VanEck said the Solana (SOL) network’s high user engagement and transaction volume largely reflect its low-cost, high-throughput design despite substantial revenues stemming from speculative memecoin activity. The firm’s latest analysis comes in response to speculation that Solana’s numbers are inflated by wash trading in memecoins. Many critics argue that this makes SOL’s growth less notable
