Part 5/12:

Known for its high throughput and low-cost transactions, Solana has experienced explosive growth, especially within its ecosystem of memecoins and decentralized applications (dApps). The project aims to become a decentralized exchange akin to a "decentralized NASDAQ," encompassing DeFi, NFTs, stablecoins, and tokenized assets.

Market Reaction: The first spot Solana ETF was launched by Rex Osprey on July 2nd, which correlatively boosted SOL's price by approximately 40% in subsequent weeks. Later ETFs introduced by firms like Fidelity and Van provided additional inflows, cumulatively attracting around $370 million in November.