Solana [SOL] onboards new protocol that will allow users to trade real...
The new development on Solana will allow derivatives traders to trade derivatives tracking the real estate market. This introduces the possibility of fractional purchases plus the benefits of not having to purchase the underlying assets. In other words, investors can easily get in and out of a position in the market.
This development has the potential to not only boost the utility of the Solana blockchain but also to attract more users. A potential benefit of the derivatives approach is the ability to execute leverage long and short positions. Enough demand will boost network utility and support the value of SOL in the long term.SOL’s long-term prospects look quite promising especially now that the network is embracing real-world projects.
Solana has experienced a significant increase in development activity since the start of the month. However, the development activity has slowed down significantly, especially in the last 24 hours. This may dent investors’ sentiment, thus limiting SOL’s
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