After Krafton Signed a Long-Term Cooperation Agreement with Solana, the SOL Price Increased by 5%.

2022/03/29By:

In the Past Two Years, Solana Has Portrayed its Role in the Cryptocurrency Market.

The price of Solana (SOL) was retested above $100 for the third time in two weeks. At the time of writing, the turnover rate of this asset was about $102.67. In the past 24 hours, the price of Solana (SOL) has increased by about 6%, which is the largest increase in the list of top ten cryptocurrencies. Eliminating the speculative nature of encrypted assets, krafton announced a commercial agreement with Solana lab.

According to the details of the agreement, the partnership will support the design and marketing of blockchain based games and services.It is worth noting that Krafton and Solana labs intend to establish a long-term partnership involving marketing and product development.

“As we strive to build our Web 3.0 ecosystem, Krafton will continue to see ways to work closely with blockchain companies such as Solana labs,” said hyungchul Park, head of Krafton’s Web 3.0 round table. “As one of the best high performance block chains in the world, with the advantage of high speed and low cost, Solana represents the essence of Web 3 ecosystem and its technology. Through this cooperation, Krafton will get the insight needed to accelerate its investment and output based on the experience of block chaining.”

This cooperation has verified that Solana has more and more institutional investors. By having a mature game platform in its portfolio, more users are ready to join.”We are excited about Krafton’s commitment to building future games on Solana,” said Johnny Lee, director of game business development at Solana labs. “Krafton is an innovator in the game industry, and we are happy to be part of their next development. We see more and more players looking for games on the chain, and game companies that respond quickly to this demand will be ready for their continued success.”

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Solana (SOL) And Cryptocurrency Market

In the past two years, Solana has occupied its position in the cryptocurrency market. The ecosystem has invested heavily in marketing and developing a fast, secure and scalable network. It is worth noting that sol network has handled a total of 65 billion transactions. Among them, the average cost of each transaction is about US $0.00025.

According to the official website, the network has a total of 1635 validators. The ecosystem is in strict contact with the community through organized activities. Among them is the torrent hacker marathon, which has reserved $5 million for the winner.

According to coingecko, the market value of sol coin is $33307975212. In addition, the 24-hour trading volume of the asset was $2.3 billion. With the circulation and supply of 322890608 units of sol, the total supply is 508180963.

Solana is competing for Ethereum’s leadership as the king of defi. However, this will not be a formality, as Ethereum has been established for many years.

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