Solana
Speed and savings attract punters
Solana is making waves on Cloudbet, a leading crypto casino and sportsbook. This surge in popularity, which began in late 2023 and continued through May 2024, highlights a significant shift in the crypto betting landscape.
Why Solana?
Solana stands out for its remarkable transaction speed, 46 times faster than Ethereum. This speed, combined with its affordable price, has attracted many Cloudbet users. The platform saw Solana Operations increase by an average of 27.85% each month in 2024. The peak period was between March and April 2024, when the price of Solana soared to between $190 and $200, with forecasts suggesting it could exceed $270 . With brand new options and features, Cloudbet is attracting more users than ever.
Unexpected growth
A Cloudbet spokesperson shared his surprise at the trend: “When we first noticed the increase in Solana usage on our platform, we assumed it was simply following the market value of the currency. But we found that increased adoption was driving the value of Solana, 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’ve seen a lot of Solana users betting on football, and just as many in the casino lobby. Following closely behind, we’ve noticed traffic from Solana users placing bets on basketball and tennis.”
User Preferences
The increase in Solana transactions reflects Cloudbet players’ preference for speed and low costs. Cloudbet’s transparent pricing structure, which ensures users only pay gas fees within the network of their choice, has further enhanced its appeal. There are no additional fees when making deposits and withdrawals, which makes the platform more user-friendly.
Rewards program
Cloudbet’s new rewards program, which offers rakeback rewards using USDT tokens, has also contributed to the increase in Solana transactions. This program incentivizes users and improves their overall betting experience on the platform.
Cloudbet leadership
Since its inception in 2013, Cloudbet has been at the forefront of the crypto betting industry. With over a hundred thousand users and millions of bets processed, it supports various cryptocurrencies including Bitcoin, Ethereum and stablecoins like USDC and USDT. The platform’s availability in eighteen languages makes it a global favorite.
Betting on major events
Cloudbet’s multi-cryptocurrency support and user-friendly policies make it a preferred platform for betting on major sporting events like the NBA Finals, UEFA Euro 2024, and the Champions League Finals. The growing interest in Solana on Cloudbet highlights the currency’s potential and popularity in the crypto betting market.
Conclusion
The rise of Solana on Cloudbet signals a broader trend in the world of crypto betting. Its speed, affordability and user-friendly features lead to its adoption by punters. As Cloudbet continues to innovate and meet the needs of its users, Solana’s popularity should continue to grow.