As Solana (SOL) Continues to Climb, the Phantom Wallet Has Been A Huge Success In A Short Time And Reaching One Million Active Users.

Although the Phantom wallet was launched a few months ago, it was a huge success, reaching more than 1 million active users. In addition, Solana (SOL) continues to maintain its successful rise that it has achieved for a few months. Low transaction fees on the Solana network have had a huge impact on the growth of both Solana and Phantom.

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One of the most important reasons why Solana and Phantom have attracted so much attention is undoubtedly the great interest in the NFT market. Ethereum remains the leader in the NFT market, but due to high transaction fees, there is a move to other blockchains. Investors do not want to pay high transaction fees in transactions, platforms that see this are moving to other blockchains. Evaluating this situation well, Solana manages to attract investors and platforms. It attracts a lot of attention due to its low transaction fees.

Solana has grown rapidly in NFT trading, making it the second most popular blockchain in the NFT market after Ethereum. Solana exceeded $1.5 billion in monthly trading volume. Solana's (SOL) Phantom wallet is similarly growing day by day. Although it was launched a few months ago, it has achieved great success in a short time and has reached more than 1 million active users.

Phantom Wallet is an online wallet that offers investors the ability to store, send, receive, stake and trade tokens on the Solana blockchain. It also allows traders to preview their NFTs in their wallet. This is a nice feature in my opinion, I have not seen this feature in any other wallet before. At least not the ones I use, maybe other wallets have this feature.

Solana (SOL) broke the all-time record with $259.9 yesterday. Although it has regressed a little with the price regulation today, it maintains its upward trend. It is currently trading at $250. Looking at the daily chart, it seems that it has continued its upward trend since August. SOL, which was $ 34 at the beginning of August, is currently trading at $ 250. It seems to have gained more than 7 times in value in about 3 months.

In short, Solana and Phantom show how important transaction speed and fee are in a blockchain. In addition, I can say that Solana has received great support institutionally. There are also blockchains that are faster and less costly in transactions. I think they will be of great interest in the future.

For example, I have NFT cards in the game Splinterlands. My NFT cards are on the Hive blockchain. The HIVE Blockchain processes the transaction at lightning speed. I've never seen any faster. It also does not charge any fees for transactions. Isn't this really great? Transfers are processed instantly without waiting and there are no transaction fees. I think some NFT platforms haven't discovered HIVE yet. But we see that they are starting to discover day by day. Because the HIVE ecosystem continues to grow day by day and I think that the number of platforms working on HIVE will increase in the future. Therefore, HIVE ecosystem will grow similarly or even more exponentially in the future.

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