Assalamu Alaikum
How are you? By Allah's grace, I'm doing very well.
Introduction :
One of the most talked about cryptocurrencies of the moment is Solana (SOL). Many call it the “Ethereum Killer”. But can Solana really beat Ethereum? Today’s post is to find the answer to this question.
What is Solana?
Solana is a high-performance blockchain that is built with scalability and low-latency in mind, with the main goal of fast transactions, low fees, and supporting dApp (decentralized app) developers worldwide.
Launched: 2020
Founder: Anatoly Yakovenko
Consensus Mechanism: Proof of History + Proof of Stake
TPS (Transactions per second): Around 65,000+
Avg. Fee: Around $0.00025
How Solana Works :
Solana can be used to build NFT, Gaming, DEX, DeFi and AI-based applications. There are 8 key technologies behind its extraordinary performance :
Proof of History (PoH)
Gulf Stream
Sealevel
Tower BFT
Turbine
Cloudbreak
Archivers
Pipeline
SOL token usage :
Paying transaction fees
Earnings through staking
Using dApps and buying NFTs
Voting in DAOs and governance
Market Status (mid-2025) :
Price: ~$160
Market Cap: ~$70B+
Ranking: Top 5
Total Supply: Over 500 Million
Circulating Supply: Around 430 Million
Solana vs Ethereum :
Solana Ethereum
TPS 65K+ ~30
Avg. Fee $0.00025 $2+
Language Rust, C Solidity
Consensus PoH + PoS PoS
Speed Very Fast Slow
Ethereum is still more developer friendly and secure, but Solana is cheaper and easier for beginners.
Source
Some popular projects on Solana :
Jupiter – Best DEX Aggregator
Tensor – Solana-based NFT marketplace
Drip – Known for free NFTs
Marinade Finance – For staking
Magic Eden – A large NFT ecosystem
My analysis (your perspective) :
In my opinion, Solana is not quite the “Ethereum Killer” yet, but it is firmly establishing itself.
Its low fees, speed, NFT support, and DePIN project have a lot of potential in the future. However, there is some risk as the network has a history of going down at times.
However, Solana is constantly rolling out updates and their Firedancer Validator is making it even more powerful.
Conclusion :
Solana is a blockchain project with great potential. If you are a new investor or dApp developer, Solana could be a suitable platform for you. But do your own research before investing. I believe that the future of technology will be fast, smart, and decentralized — and Solana is walking that path. Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well