From Nasdaq:

Solana cryptocurrency has had an impressive 2,700% growth rate in the last three years, despite its 67% dip from its all-time high set in 2021. It remains popular among speculators due to its price performance and potential in the payment market, possibly competing with PayPal. Solana Pay, introduced two years ago, allows for instant settlement and near-zero fees, positing it as a disruptor in the payments industry. Despite this, Solana would have to overcome technical, security, and adoption challenges to reach PayPal’s scale. Experts are still watching Solana Pay closely, given its potential as a disruptive crypto.



Read more: Solana Is Up Almost 2,700% in the Past 3 Years. Is It the PayPal of the Future?