Solana (SOL) Heats Up 7% In Last 24 Hours As Helium Eyes Merge
SOL, Solana’s native coin, has seen its value increase since the announcement of its impending merger with Helium. The developers of Helium came up with HIP 70, which aimed to relocate the entire Helium supply chain to Solana. According to a Medium post published by Solana on August 31, the company proposes migrating the Helium ecosystem from the L1 chain to its own “highly-scalable and fast blockchain,” which will allow for “higher uptimes, greater composability, and a faster user experience while maintaining the security and low cost of using the Helium Network.”
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