What up Bros Nation! How is it going?! I don’t know about you but this past week has felt kind of long with no midweek Money Talkz check in. How has the market been treating you? In my case I had my shares of ups and downs but for the week I’m up several hundred dollars across various investments. On the crypto side of things I’d say about the same. I’m up over seven hundred dollars through various crypto investments. Slow and steady progress while waiting for that one breakout. Anyway, welcome to another episode of Money Talk Sundayz. It’s your big bro Stevie Bee. Hit that like share and subscribe button on your way in the door. Let’s get to the news.

In crypto news the market overall is experiencing an upswing. BTC being the biggest dog on the block all the other crypto are gunning for the top spot. Despite’s btc’s 50K sticker Solana (SOL) outperformed bitcoin. Solana ranked number 7, is a single chain, delegated proof of stake protocol whose focus is on delivering scalability without sacrificing decentralization or security.

Core to Solana’s scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps across the network, improving overall network efficiency.

Big moves from Solana have thrust it into the crypto limelight. Year-to-date gains come in at a whopping +6,100%, with a significant proportion of that coming over the last two weeks.

The Solana team states the technology employed in PoH enables the network, of 200 nodes, to sustain a throughput of 50,000 transactions a second with GPUs. They also claim the high scalability and quick transaction times have attracted a lot of institutional interest.

Solana's support for smart contracts enables it to be used for NFTs, decentralized finance and other blockchain-based applications—and has helped make it a popular competitor to Ethereum, even earning it the moniker "ETH killer," alongside tokens like Polkadot and Cardano. The blockchain claims to offer faster transaction speeds than Ethereum, but currently only handles about 6,000 transactions per second—a fraction of the more than 50,000 it claims to support.

Meanwhile, the price of Solana's native sol token hit an all-time high of $145.22 Friday morning, surging nearly 25%—the best-one day gain among top cryptocurrencies—to help it overcome meme token dogecoin as the world's seventh-largest cryptocurrency.

In a sign Solana may be gaining legitimacy as a long-term investment, Jonas Luethy, a sales trader at London-based digital asset broker GlobalBlock, said its token's price gains seemed to be driven by direct purchases without debt, as opposed to the speculative leveraged trading that's driven many of the gains in tokens like dogecoin.

One thing to watch for of course is the ever pressing need for regulation in the wild wild west of digital currency. Last month, Gary Gensler, chair of the Securities and Exchange Commission, identified decentralized finance, which offers cryptocurrency loans that bypass traditional financial intermediaries like banks, as one of the main areas in the industry that may warrant additional regulation. Over the weekend, the value of decentralized finance projects pinned to the Solana's blockchain surpassed $3 billion for the first time ever, nearly tripling this month alone.