Solana (SOL) Approaches $130 Support Level as GeeFi (GEE) Gains Attention with 5.3 Million Tokens Sold at Launch

Solana's Technical Evolution: Solana (SOL) is trading around $130 while implementing significant upgrades like Firedancer and Alpenglow, aiming to enhance transaction throughput to over one million transactions per second.

Developer Growth: The network has seen a record 17,000+ active developers, achieving a 29.1% annual growth in developer activity, leading to a diverse range of applications despite challenges in real-world spending.

GeeFi's Payment Solution: GeeFi aims to bridge the gap between fast crypto transactions and practical spending by providing a non-custodial wallet and a card that allows instant spending at millions of merchants globally.

Incentives and Community Engagement: The GeeFi platform offers high-yield staking rewards, cashback on card spending, and a referral program that incentivizes users to grow the network while benefiting from their participation.