β‘οΈ What is it?
Solana is an ultra-fast blockchain capable of processing up to 65,000 transactions per second, thanks to its unique Proof-of-History (PoH) consensus mechanism. It serves as a foundation for DeFi, NFT, and Web3 projects.
π₯ Why is it trending?
β’ Instant and low-cost transactions (compared to Ethereum)
β’ Active development of DeFi and NFT ecosystems
β’ Support from major funds and projects
π Risks and Competition
β’ Capital outflow: Some users are migrating to Ethereum and Layer-2 solutions (Arbitrum, Optimism)
β’ Network outages: Solana has experienced several downtimes due to overloads
β’ Competitors: Ethereum, Avalanche, Sui
π Current SOL Price:
π Outlook: If Solana continues to address stability issues and attracts more developers, its growth could accelerate. However, competition with Ethereum and Layer-2 projects remains intense.
Stay tuned to see how Solanaβs journey unfolds in the evolving blockchain landscape.
