As an analyst with a background in blockchain technology and experience in analyzing digital assets, I believe that the recent news regarding CME not launching a Solana futures fund should be taken as a positive sign for the Solana ecosystem. The rumors surrounding this possibility had created uncertainty in the market, and their debunking indicates stability and focus on the network’s development.
The speculation about CME introducing Solana (SOL) futures has come to an end. CME has made it clear that they do not plan on initiating a Solana futures investment vehicle.
— db (@tier10k) May 29, 2024
Justin Bons from Cyber Capital defended Solana’s network efficiency against criticisms by conducting tests to prove its smooth operation. Contrary to some perspectives suggesting the network crumbles under pressure, Bons demonstrated over 20 successful transactions using Phantom wallet without any failure, debunking the notion of high “TX failure rate.” Instead, it appears that the issue stems from misleading bot transactions.
I conducted testing today and successfully sent over twenty transactions from my Phantom wallet using Solana. Not a single transaction encountered any issues or failed during the process. It’s important to acknowledge that while there may be criticisms of Solana, it’s essential to ensure accuracy in those criticisms. The high transaction failure rate is predominantly due to bot spam and does not accurately represent the true user experience on the platform.
— Justin Bons (@Justin_Bons) May 29, 2024
Bons made it clear that while Solana encountered challenges with its QUIC networking layer, ongoing enhancements have significantly boosted the network’s productivity. In his assessment, most criticisms against Solana are either unwarranted or overblown.
James Seyffart, an ETF analyst at Bloomberg, points out that several years could pass before the obstacles preventing a Solana ETF from being launched are removed. A significant factor in this delay is the requirement for a regulated futures market overseen by the Commodity Futures Trading Commission (CFTC), which may necessitate the approval of legislation similar to the FIT21 bill.
While Solana may face criticisms that are more severe than its actual issues, the ongoing debate regarding a Solana ETF hinges on regulatory concerns rather than inherent problems with the network itself. However, the persistent advancement and growth of Solana’s infrastructure offers promising prospects for its community of users.
Read More
- BODEN PREDICTION. BODEN cryptocurrency
- GHST PREDICTION. GHST cryptocurrency
- BETA PREDICTION. BETA cryptocurrency
- STRD PREDICTION. STRD cryptocurrency
- Mango Markets Exploiter Found Guilty Of Fraud And Manipulation
- GBP EUR PREDICTION
- MATIC PREDICTION. MATIC cryptocurrency
- LOOKS PREDICTION. LOOKS cryptocurrency
- BRN/USD
- TNSR PREDICTION. TNSR cryptocurrency
2024-05-30 04:20