Solana - The Emperor's New Clothes
Does Solana really have the potential to surpass Ethereum and become the next king of public chains? Or on the contrary, is Solana's prosperity an artificial illusion, or is it the emperor's new clothes?
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Does Solana really have the potential to surpass Ethereum and become the next king of public chains? Or on the contrary, is Solana's prosperity an artificial illusion, or is it the emperor's new clothes?
In 2024, Solana emerged as a dark horse, with its TVL soaring from US$1 billion at the beginning of the year to nearly US$5 billion today, becoming the fourth largest public chain.
Solana doesn’t have to go the Proposer-Builder Separation (PBS) route chosen by Ethereum, but it will need to take a comprehensive approach to stabilize its fee market in the long term.
I am not worried at all about the recent weakness of the Inscription Ecosystem. When the market truly enters a bull market, the rotation of sectors will definitely come.
Recommended reading for tonight: 1. Behind the high growth of Solana: performance, development, and upgrades are the biggest keywords; 2. Grayscale: Which period of the bull market are we in? What are the two key drivers?
At nearly 10 o'clock in the evening on March 13 (UTC+8), the Ethereum mainnet ushered in an important upgrade: the Cancun upgrade.
Solana’s token extensions enable developers to build complex token interactions.
Solana aggregator Jupiter plans a system upgrade focused on reliability and user feedback, aiming to enhance performance and maintain its lead in the evolving blockchain market.
With the support of current hot spots, Solana’s popularity is normal, but in the long run I don’t think it will surpass Ethereum.
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