The field of blockchain networks vying to compete with Ethereum is getting increasingly crowded. But Solana, which aims to beat Ethereum on transaction speed and cost, has gained more ground than most over the past week.
On Monday, Coinbase listed Solana-based tokens on its cryptocurrency exchange for the first time. That move follows rumors last week that OpenSea is looking to add Solana-based non-fungible tokens (NFTs) to its marketplace for digital collectibles. Coinbase and OpenSea are two of the largest consumer-facing businesses in crypto, and for them to integrate with Solana signals confidence in the budding blockchain network.