Solana Soars with Cloudbet’s High-Velocity Transactions

Cloudbet: Embracing the Surge of Solana Transactions

Cloudbet, a premier crypto casino and sportsbook platform, is witnessing a remarkable upswing in Solana-based transactions. Users are increasingly recognizing the advantages of Solana’s lightning-fast speeds and minimal fees, as highlighted by CoinGecko’s recent praise of Solana’s impressive 46x transactions per second (TPS) compared to Ethereum. Cloudbet users are leveraging these benefits to place bets, deposit funds, and receive payouts more swiftly than ever.

Cloudbet’s data illustrates a consistent rise in Solana transaction volume from late 2023 to May 2024, with an average month-on-month percentage change of +27.85% in 2024. The most notable surge occurred between March and April 2024, registering a remarkable 46.74% increase. This period coincided with Solana’s price escalation, reaching $190-$200, with analysts predicting the token to surpass $270. January and February 2024 also witnessed substantial increases of 26.41% and 10.41%, respectively.

This sustained growth underscores the increasing popularity and utility of the Solana blockchain and its supported tokens like SOL, USDT, and USDC among Cloudbet users. As more individuals acknowledge Solana’s advantages in terms of high-speed, low-cost transactions, they are turning to Cloudbet to enhance their betting experience, especially with the added incentive of Cloudbet’s all-new Rewards Program, offering potential rakeback rewards in USDT.

Insights into Solana User Activity

According to a Cloudbet spokesperson, the surge in Solana usage on their platform was initially perceived as following the currency’s market value. However, it was discovered that increased adoption was actually driving Solana’s value, indicating a substantial shift in user behavior. The spokesperson noted significant activity among Solana users in soccer betting, along with a sizable presence in the casino lobby. Additionally, traffic from Solana users engaging in basketball and tennis betting has been observed.

Cloudbet’s commitment to transparency ensures that users only bear the gas fees associated with their chosen network, without any hidden charges during fund withdrawals. Coupled with the platform’s user-friendly interface and extensive support for cryptocurrencies, Cloudbet stands out as the preferred choice for Solana enthusiasts seeking to participate in upcoming sporting events, including the NBA Finals, UEFA Euro 2024, and the Champions League Finals.

About Cloudbet

Cloudbet has been a pioneering force in crypto betting since its inception in 2013. As a leading crypto casino and sportsbook, it has served hundreds of thousands of users and facilitated millions of bets, earning a reputation as the most trusted, secure, and VIP-friendly brand in crypto gaming.

With the ability to bet using 30 cryptocurrencies, ranging from Bitcoin and Ethereum to stablecoins like USDC and USDT, as well as SOL and other popular altcoins, Cloudbet caters to a diverse audience. The platform is accessible in 18 languages, including Spanish, German, Italian, French, and Japanese.