These are turbulent times for both crypto investors and projects alike. Over the past several months, Bitcoin and Ethereum have seen substantial declines in their token prices. But investors have given even bigger haircuts to the breakout success stories of the 2021 bull run. Solana, a newer blockchain with early Silicon Valley backers, has watched its token price drop from $260 in November 2021 to a low of $26 last month.
Despite the aggressive selloff, Solana continues to show signs of adoption as DeFi protocols and NFT storefronts on its network begin to see more action. The platform’s lower fees have attracted developers — the company pegs its unique active monthly accounts at more than 21 million — but the network has still come under fire for lengthy ou …
