Solana Rebounds 20% from Lows as Network Upgrades Boost Usage Despite Stiff Ethereum Competition
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Solana price rallied 20% between Sept 28 - Oct 6, recovering from FTX bankruptcy liquidation lows.
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Network upgrade to v1.16 brought improvements to privacy, security and validator efficiency.
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Solana's DApp and NFT activity surged, surpassing Polygon in sales volume.
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Stiff competition remains from Ethereum layer-2 solutions like Arbitrum and Optimism.
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Investors still largely focused on Ethereum ecosystem as the leader in developers and apps.
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