However, with the number of smart contracts on the network surpassing competition and the approval of crypto ETFs, as well as attracting significant institutional interest, Solana is positioned for continued growth and success.
Solana’s co-founder, Anatoly Yakovenko, highlighted the differences between his blockchain network and Ethereum in a recent X post. He stated that when a global resource becomes saturated on Solana, it doesn’t result in good price discovery, which he considers a fundamental difference between the two platforms.
Despite its popularity and growth in institutional adoption, Solana has struggled with price development due to factors such as several downtimes last year and a recent outage caused by a bug.
