{"id":9199,"date":"2023-09-19T07:27:28","date_gmt":"2023-09-19T07:27:28","guid":{"rendered":"https:\/\/www.bitcoincasinos.com\/?p=9199"},"modified":"2023-09-19T07:27:28","modified_gmt":"2023-09-19T07:27:28","slug":"solana-tops-ftxs-crypto-holdings-with-a-1-2-million-valuation","status":"publish","type":"post","link":"https:\/\/www.bitcoincasinos.com\/blog\/2023\/09\/19\/solana-tops-ftxs-crypto-holdings-with-a-1-2-million-valuation\/","title":{"rendered":"Solana Tops FTX’s Crypto Holdings with a $1.2 Million Valuation"},"content":{"rendered":"
<\/a><\/p>\n Solana (SOL) has emerged as the crown jewel in FTX’s crypto holdings in a remarkable turn of events. According to <\/span>BitcoinCasinos.com<\/span><\/a>, Solana has a staggering valuation of $1.2 billion in FTX.<\/span><\/p>\n Edith Reads, BitcoinCasino\u2019s finance expert, commented on the data. \u201cSolana has been gaining widespread attention in crypto due to its scalability and efficiency. Its native token, SOL, has become one of the top-performing cryptocurrencies. There is a growing adoption of the Solana blockchain, with many <\/span>Dapps<\/span><\/a> driving its price rally. It is a matter of time to see if Solana will stand the test of time at the top.”<\/span><\/p>\n Bitcoin (BTC):<\/b><\/p>\n The most dominant cryptocurrency, Bitcoin, has a market cap of around $<\/span>520 <\/span><\/a>billion. The pioneer of cryptocurrencies still reigns supreme. However, in the FTX exchange, its valuation sits behind Solana at $560 Million.<\/span><\/p>\n Ethereum (ETH):<\/b>\u00a0<\/span><\/p>\n Market Capitalization of ETH is approximately $196.2 billion. Ethereum, the second-largest cryptocurrency by market cap, has faced tough competition from Solana. While ETH remains a critical asset on FTX, Solana’s emergence suggests that investors are diversifying their portfolios.<\/span><\/p>\n Aptos (APT):<\/b><\/p>\n APT<\/span><\/a> controls $137 Million in FTX. Even though it is growing rapidly based on its alleged speed and scalability, it is below Solana. Solana’s speed, which has a throughput limit of <\/span>65,000<\/span><\/a> transactions per second (TPS), is the fastest blockchain. Aptos also asserts that its network could execute more than 130k transactions per second using Block-STM. Only time will tell.<\/span><\/p>\nSolana vs. Other Cryptocurrencies<\/b><\/h2>\n