Franklin: The growth of Solana may continue, solidifying its position as the third largest cryptocurrency

May 3rd news, Franklin Templeton released a report on Solana, suggesting that the growth of Solana could continue, solidifying its position as the third largest cryptocurrency after BTC and ETH. The crypto activity of Solana began to accelerate in the fourth quarter of 2023 when an airdrop within the Solana ecosystem created over $1 billion wealth effect, driving up SOL and other ecosystem tokens, especially Meme coins; Areas most likely to bring about the next wave of adoption for Solana include DePIN, payments (especially micropayments), compressed NFTs, xNFTs and CLOB (Centralized Limit Order Book)/order flow payments etc.; A major catalyst to solve congestion issues due to high demand is Firedancer - a Solana validator client developed by Jump Crypto which will be launched later this year.