ChainCatcher news, Flincap's Chief Marketing Officer Oladotun Wilfred Akangbe emphasized the significant growth and maturation of the cryptocurrency industry, with a particular focus on Solana's resilience and community efforts in Africa.Akangbe stated that the crypto industry is steadily maturing, indicating its ability to withstand various challenges that could previously trigger market downturns. The strength and adoption of any technology largely depend on the vitality of its community. The continuous focus of crypto projects on addressing community issues, especially in remittances and international payments, indicates that the industry is growing year by year. Despite market volatility, the Solana community in Africa continues to thrive.

ChainCatcher news, a Chainalysis report shows that the transaction volume in Sub-Saharan Africa accounts for 2.3% of the global cryptocurrency transaction volume, "cryptocurrency has penetrated key markets and has become an important part of daily life for many residents."From July 2022 to June 2023, Nigeria's transaction volume approached $60 billion, making it the largest cryptocurrency market in Sub-Saharan Africa. Overall, the total transaction volume in the region during the same period was $117.1 billion. Data shows that Nigeria accounted for nearly half of the total transaction volume in the region during this period.South Africa's transaction volume exceeded $20 billion during the same period, making it the second-largest cryptocurrency market in Sub-Saharan Africa. Kenya, Mauritius, and Ghana ranked third, fourth, and fifth, respectively, making it into the top five in the region.At the same time, Chainalysis data indicates that residents in Sub-Saharan Africa are increasingly viewing BTC as a means of storing value. The share of Bitcoin transaction volume in the region accounted for 9.3% of the total transaction volume, surpassing all other regions, including North America (9.0%) and Eastern Europe (8.2%). While Bitcoin remains the number one cryptocurrency in the region, the latest data seems to suggest that people are leaning towards using stablecoins.