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Solana’s slide accelerates — $50 billion in value wiped from the cryptocurrency in 2022

Solana's slide accelerates — $50 billion in value wiped from the cryptocurrency in 2022

Solana logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on August 21, 2021.

Jakub Porzycki | NurPhoto | Getty Images

Solana 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…


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