Solana
Solana gains momentum with Cloudbet’s high-speed transactions
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Willemstad, Curacao, May 29, 2024, Chainwire – Cloudbet, a leading crypto-casino and sports betting platform, is seeing a significant increase in Solana-based transactions as users increasingly recognize the benefits of the blockchain’s lightning-fast speeds and low fees. While CoinGecko Recently touted Solana’s impressive transactions per second (TPS) compared to Ethereum, Cloudbet users are taking full advantage of the blockchain’s capabilities to place bets, deposit funds, and receive payments faster than ever.
Cloudbet data reveals a steady increase in Solana transaction volume from late 2023 to May 2024, with an average monthly percentage change of +27.85% in 2024. The most significant growth occurred between March and April 2024, with an increase impressive 46.74%. During this period, the price of Solana climbed, reaching $190 to $200, and analysts predicted that the token would surpass $270. January and February 2024 also saw substantial increases of 26.41% and 10.41%, respectively.
This sustained growth highlights the growing popularity and utility of the Solana blockchain and its supported tokens, such as SOL, USDT, and USDC, among Cloudbet users. As more individuals recognize the benefits of Solana’s fast and low-cost transactions, they are turning to Cloudbet to enhance their betting experience. Coupled with Cloudbet’s brand new rewards program, where users can potentially earn rakeback rewards in USDT, the platform expects even more transactions on the blockchain.
“When we first noticed an increase in Solana usage on our platform, we assumed it was simply tracking the market value of the currency,” explained a Cloudbet spokesperson. “But we found that increased adoption was driving Solana’s value, not the other way around. So where are all these new Solana users going and what are they doing with their digital assets? Interestingly, we saw many Solana users betting on football, and just as many in the casino lobby. Following closely, we noticed traffic from Solana users placing bets on basketball and tennis.
Cloudbet’s commitment to transparency means users only pay the gas fees associated with their network of choice, with no hidden fees when withdrawing their funds. This, combined with the platform’s user-friendly interface and wide range of supported cryptocurrencies, makes Cloudbet the go-to choice for Solana fans looking to participate in upcoming sporting events, including the NBA Finals, l UEFA Euro 2024 and the Champions League final.
As Solana continues to show its impressive performance and Cloudbet continues to onboard more tokens from the Solana blockchain, the platform is well positioned to meet the growing demand for high-speed, low-cost betting.
About Cloudbet
Cloudbet is a proud pioneer of crypto betting. Since its launch in 2013, the world’s leading crypto casino and sportsbook has served hundreds of thousands of users and accepted millions of bets, establishing a reputation as the most trusted, secure and customer-friendly brand. VIP in crypto gaming.
Cloudbettors can bet with 30 cryptocurrencies, from Bitcoin and Ethereum and stablecoins like USDC and USDT, to SOL and other popular altcoins. The site is available in 18 languages (including Spanish, German, Italian, French and Japanese).
Contact
Media Relations
Leandro Rossi
Cloudbet
[email protected]