Solana-Based Drift Raises $25M to Build ‘SuperApp’ for DeFi Trading
According to Leow, Solana has the potential to surpass Ethereum as the go-to blockchain for decentralized finance (DeFi) projects. Currently, Ethereum holds the title for the most total deposits in the DeFi space. However, Leow believes that Solana’s high level of activity, large user base, and seamless integration make it an attractive option for platforms like Drift.
As the popularity of tokenized assets continues to grow, issuers are looking for a chain that can support their needs effectively. Solana’s scalability and low transaction fees make it an appealing choice for those seeking a reliable and efficient platform for their projects.
With Solana’s rising prominence in the DeFi sector, it’s clear that Ethereum may face stiff competition in the near future. As more projects migrate to Solana, the blockchain’s ecosystem is expected to expand rapidly, offering new opportunities for developers and users alike.
