User growth exploded: Active users jumped from about 200,000 to nearly 1.6 million in just 9 months - an 8x increase.
Money is flowing in: Transaction fees collected went from under $100,000 per month to over $60 million per month. This shows real demand for using Solana.
New token: 75% of all new digital tokens are now launching on Solana, up from almost nothing a year ago. People are choosing Solana because it's easy and cheap to use.
Trading is booming: Solana now handles about 79% as much trading volume as Ethereum's decentralized exchanges - up from basically 0% in 2021.
SOL price increased 41% in the first half of 2024,making it one of the top-performing crypto assets.
A major overhang was removed: The failed exchange FTX had to sell about $4 billion worth of SOL. That selling is now complete, which removes downward pressure on the price.
If Solana captures just 5% of global digital payments, our analysis suggests the token could be worth 6 times more than current prices.
Compared to Ethereum: Solana is worth only 15% as much as Ethereum, but it's growing faster. If they become equally valuable, that's also 6x upside.
This analysis reflects hypothetical projected performance of SOL tokens, not Solana Company. There can be no guarantee that SOL will achieve these projections. Actual results may differ materially. Past performance is not indicative of future results.
Solana is growing rapidly in users, activity, and value capture. The blockchain is proving it can handle real-world scale, and major companies like Stripe and PayPal are starting to use it. We remain optimistic on the ecosystem.
This letter is for informational purposes only and does not contain all information pertinent to an investment decision. Nothing in this letter constitutes an investment recommendation or an offer of investment advisory services. This letter cannot be relied upon in making an investment decision. Nothing contained herein constitutes an offer to sell, or a solicitation to buy, any securities. This letter contains information Solana Company believes to be reliable, and has been obtained from sources believed to be reliable, but Solana Company makes no representation or warranty (express or implied) of any nature, nor accepts any responsibility or liability of any kind, with respect to the fairness, accuracy, completeness, or reasonableness of the information or opinions contained herein. Analyses and opinions contained herein (including market commentary, statements or forecasts) reflect the judgment of Solana Company as of the date this letter was published and may contain elements of subjectivity (including certain assumptions) or be based on incomplete information. Investment decisions cannot be based solely on the graphs and/or charts presented herein.
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