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Mike Tyson: “All in on Solana”

Boxing legend Mike Tyson is apparently a big Solana fan. On Thursday, he shared a tweet in which he wrote, “All in on Solana… Just copped a Catalina Whale…. pow pow!”

So he is not one of the only Solana fans. Famous people like singer Jason Derulo or investor Kevin O’Leary are confessed Solana fans.

Now Bank of America has also seen the potential in Solana and said that Solana could take market share from Ethereum. The advantages are obvious. Solana is fast, has low transaction costs, and is more customer-focused. Bank of America analyst Alkesh Shah said this week, “These innovations allow for the processing of an industry-leading ~65,000 transactions per second with average transaction fees of $0.00025, while remaining relatively decentralized and secure,” adding, “Solana could become the Visa of the digital asset ecosystem.” That sounds very convincing from one of the largest financial institutions.

A look at the staking conditions on the Binance platform shows that Solana still has a far better interest rate than cash. Staking on the Binance platform currently yields up to 9.25%.

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