Solana is undergoing a finance-focused transformation.

The Solana Ecosystem is Evolving in a More Serious Direction

Solana's latest phase appears to be less attention-grabbing compared to the moments when memecoins surged. However, the reasons behind this shift are quite strategic.

Armani Ferrante, CEO of the cryptocurrency exchange Backpack, stated in an interview with CoinDesk that the Solana ecosystem has adopted a more cautious approach over the past year, focusing on financial infrastructure. While the crypto industry experimented with NFTs, games, and social tokens for many years, the focus is now shifting back to decentralized finance (DeFi), trading, and payments.