Solana ($SOL) Could ‘Become the Visa’ of Crypto, Bank of America Analyst Says
Alkesh Shah, a digital asset strategist at Bank of America has revealed he believes Solana ($SOL) has the potential to “become the Visa” of the cryptocurrency space as it focuses on scalability, low transaction fees, and ease of use.
As reported by Business Insider, Shah has pointed out that Solana has settled over 50 billion transactions since it was first launched in 2020, while Visa processed 164.7 billion transactions in the year ended September 30. In a research note sent to clients, the Bank of America analyst noted the network has over $11 billion in total value locked on its decentralized finance (DeFi) ecosystem and has been used to mint over 5.7 million non-fungible tokens (NFTs).
The analyst added:
Its ability to provide high throughput, low cost and ease of …
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