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Rexas Finance (RXS) up 100% in less than a month, is this the next Solana (SOL)?

Rexas Finance (RXS) up 100% in less than a month, is this the next Solana (SOL)?

The cryptocurrency market has witnessed a positive growth surge, and in conjunction with this, Rexas Finance (RXS) has increased by over 100% in less than a month. With its cutting-edge technology for the tokenization of physical assets and an expanding ecosystem, some people are starting to wonder: Is Rexas Finance the new Solana (SOL)? There has always been a question of whether RXS could emulate the same skyrocketing increase as Solana. This necessitates studying the curve of SOL, identifying the key factors of its success, and considering why Rexas Finance might be able to replicate, if not exceed this level.

The rise of Solana (SOL): A blockchain revolution

The use of Solana’s programming language is graphical in nature, and thus the UI elements may match ideas from vocabulary techniques. The graph of Solana (SOL) has largely revolved around being one of the most effective storytelling platforms within the cryptocurrency space. Starting from $1.50, Solana’s currency progressed remarkably in 2021 to hit $260, marking more than a seventeen thousand percent growth. 

Its growth was additionally helped by a very efficient blockchain capable of processing thousands of transactions per second at very low transaction costs. As a result, Solana provided stiff competition to Ethereum. 

Due to its quick, scalable, and secure network, Solana managed to attract developers, DeFi projects, and NFT marketplaces in no time, enabling it to rank as one of the top 10 cryptocurrencies. With the support of leading investors and growing interest, Solana quickly entered the geopolitics of the crypto world as a quick and cheap version of its competitors’ blockchains.

Will Rexas Finance (RXS) find a sustainable model like Solana did?

While Solana made efforts to enhance the scalability of the blockchain, Rexas Finance (RXS) is making a play for a different, but probably equally large, opportunity: the focus on asset tokenization. 

This new area gives cryptocurrencies access to a huge market by creating tokens for assets like real estate, gold, hiring goods, and other expensive physical products that cannot be traded as currencies. Rexas Finance is set to change the way and cost at which real-world assets (RWA) are tokenized. 

The global market for real estate is over $280 trillion. Investing in ways to map expensive physical assets like real estate…

Click Here to Read the Full Original Article at CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison…