Friday saw a more than 9% increase in the price of Solana as Franklin Templeton released a report recognizing the chain's resilience in the wake of FTX's collapse.

According to the business, Solana is the third-largest cryptocurrency asset after Bitcoin and Ethereum, and it is well-positioned for the upcoming wave of cryptocurrency adoption.

Franklin Templeton claims that after the Jito and Pyth airdrops, Solana's activities peaked in Q4 2023. Memecoin activity has led to an increase in DEX volume and total fees, but Solana still offers the lowest fees and transaction latency when compared to other networks.

In general, the investment management is still very positive about the Solana ecosystem, even with the congestion problems that they believe will eventually get better.