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A closely followed crypto analyst says Ethereum (ETH) rival Solana (SOL) could bring another billion users to the digital asset space.
In a new strategy session, the host of InvestAnswers said Solana’s history of network outages is due to the project continually testing the limits of blockchain beyond what has been done before.
Solana, “not just another chain,” could spark the next big wave of adoption in the industry, analysts said.
“[Anatoly Yakovenko and Raj Gokals] The goal is to bring 1 billion to blockchain. That’s right, it’s only achievable by testing limits, and these guys are qualified to pull it off…
Web2 had many crashes. It’s normal. It’s part of development when you push the limits of something. I always use the Formula 1 analogy. The fastest cars may have the fastest exploding engines, like Ferrari this season.
But think again about chains. Think scale. Yes, your code should be improved. Yes, stability matters.Met is still in beta.It’s still a very young chain and adoption is well beyond my dreams as of March 2021 years. [Solana would] Are you eating your Ethereum lunch at this rate? “
The analyst has long been bullish on Solana, naming it as Ethereum’s biggest competitor earlier this year. .
The strength of Solana, and the reason I still love it, is that they have the widest range of DApps. [decentralized applications] of the chain there. They are being recruited exponentially. Fast, cheap, scalable. Despite the blackout…
It also features Rust, the most preferred development language, driving the most development activity on any chain.65,000 [transactions per second]No need for Layer 2, SOL DApps have more daily active users than Ethereum DApps, which is amazing. Because there are about 3,000 DApps on Ethereum and about 750 DApps on SOL. “
At the time of writing, SOL is worth $32.32 and is flat on the day.
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Featured Image: Shutterstock/Pavel Chagochkin
