Solana jumps 20% as Cathie Wood lauds its speed and cost over Ethereum

Solana jumps 20% as Cathie Wood lauds its speed and cost over Ethereum

Nov 15. 2023

By Tom Mitchelhill

Solana (SOL $66) has reached new yearly highs, gaining more than 17% the day after ARK Invest CEO Cathie Wood lauded the network for its efficiency and cost-effectiveness.

In a Nov. 15 CNBC interview, Wood described the Solana network as a major infrastructure player in the wider blockchain ecosystem and added it had been doing a “really good job” in the recent market conditions.

Wood praised the Solana network for being faster and more efficient than the Ethereum network.

“Ether was faster and cheaper than Bitcoin in the day — that’s how we got Ether. Solana is even faster and cost-effective than Ether”

Solana jumps 20% as Cathie Wood lauds its speed and cost over Ethereum

Nov 15. 2023

By Tom Mitchelhill

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