Solana Leads In Adoption, But ADA’s 5% Spike Steals The Show
Solana (CRYPTO: SOL) continues to dominate real blockchain usage, but Cardano’s (CRYPTO: ADA) 5% bounce has briefly redirected trader attention away from a chart that still shows structural weakness.
Solana Extends Dominance In Network Activity
SOL continued to outpace rival blockchains in decentralized exchange activity, marking its 16th straight week as the leader in DEX volume, according to Cointelegraph.
Investor attention intensified after Forward Industries Inc. (NASDAQ:FWDI) released a detailed shareholder update outlining progress in its Solana-focused treasury strategy.
The company said it now holds more than 6.9 million SOL, describing the position as the world’s largest corporate Solana treasury.
FWDI said the accumulation began in September, supported by a $1.65 billion private placement led by Galaxy Digital, Jump Crypto and Multicoin Capital.
Chairman Kyle Samani said the goal is to …
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