Solna's network identity was heavily influenced in its early days by a wave of hash speculation. Its combination of low fees, high throughput, and simplicity in deployment quickly made it an ideal hub for memecoins, high-frequency trading, and experimental hash-based products. Over time, this bustling and experimental atmosphere came to define the cultural fabric of the network.
However, the very features that once drove speculative activity—such as near-instant finality, minimal fees, and exceptional performance—are now being reimagined as a solid framework for institutional-grade settlement.
With the capability to handle over 3,000 transactions per second at an average cost of just half a penny, as reported by Solscan, Solna offers a stark contrast to Ethereum's base layer. Ethereum still depends on secondary solutions to enhance throughput and control costs.
