Solana’s slide accelerates — $50 billion in value wiped from the cryptocurrency in 2022
Solana
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="940" height="540" />)
was touted as the cryptocurrency that would challenge ether with an eco-friendlier approach, faster transaction speeds and more consistent costs.
Investors who made that bet had a miserable year. The token’s market cap collapsed from over $55 billion in January to barely above $3 billion at year-end.https://www.cnbc.com/2022/12/30/solanas-accelerating-yearlong-slide-wipes-out-over-50-billion.html?u
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