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<\/p>\n Solana (SOL) has been making significant strides in its ecosystem, particularly in terms of developer engagement. According to a recent report from the Solana Foundation, the network has experienced a notable increase in developer retention, boasting over 2,500 monthly active developers. This growth represents a 50% increase in developer retention over the last three months of 2023.\u00a0<\/span><\/p>\n Solana (SOL) has also seen a significant increase in network activity and token price. Between October and December, there was a 500% price rally for the native Solana token, briefly surpassing BNB token in market capitalization. This surge was fueled by a frenzy for SOL-based memecoins and a spike in decentralized exchange (DEX) volumes, even briefly exceeding Ethereum\u2019s 24-hour DEX volumes.<\/span><\/p>\n The token\u2019s dramatic leap from $14 to $100 in the span of six months left many crypto enthusiasts feeling a bit disappointed. If you\u2019re one of those who ended up missing a shot to profit on Solana (SOL)\u00a0 in time, do not worry, we have good news for you. There is <\/span>another altcoin<\/span><\/a> that is predicted by some to surpass Solana (SOL) in terms of growth in 2024.<\/span><\/p>\n Solana (SOL) has recently achieved a significant milestone in its development, boasting over 2,500 monthly active developers according to the Solana Foundation. This growth in developer activity reflects a robust and expanding ecosystem.<\/span><\/p>\n In comparison with Ethereum, Solana (SOL) has shown remarkable performance in certain metrics. It has surpassed Ethereum in weekly stablecoin transfers and this achievement not only showcases Solana (SOL) strengths but also its potential to challenge established platforms like Ethereum.<\/span><\/p>\n While there have been concerns about Solana (SOL) rapid growth, the network\u2019s underlying strengths and continuous development efforts suggest a sustainable growth trajectory. The concerns about a potential \u201cbubble\u201d are balanced by the network\u2019s consistent efforts to innovate and improve its infrastructure, which could lead to more stable and long-term growth.<\/span><\/p>\n Furthermore, Solana (SOL) ecosystem has seen new token listings, such as JITO and BONK on the OKX platform, which contribute positively to its momentum. These listings not only enhance the network\u2019s visibility but also attract new users and investors, contributing to the overall growth of the Solana (SOL) ecosystem.\u00a0<\/span><\/p>\n
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/section>\nSolana (SOL): Fulfilling Potential Most Failed to See in Time<\/strong><\/h2>\n