Solana will not go against ETH
The situation around the duel ETH vs. other DeFi projects was commented by co-founder of Solana Labs, Raj Gokal. According to him, this fight is absolutely useless and the main idea of cryptocurrencies is lost. The real goal is not to deploy ETH, but to accept cryptocurrencies and familiarize each user with the project Web 3.0.
The Solana protocol is still very far behind the ETH with its price. However, it does not lag behind in technology at all, quite the contrary. The network is faster and especially cheaper than ETH. However, according to Gokal, they have no desire to destroy the ETH.
“We can’t destroy ETH, it’s not possible.”
Solana is currently in fifth place in terms of overall market capitalization, with a tough battle with the Cardano ecosystem. SOL’s market capitalization is currently $ 69 billion. In the case of ETH, it is an amount $ 561 billion.
I know you may not even be talking about @solana, and if so I apologize. but I’m just sad and disappointed that every time non-ETH chains like solana see success or take big swings at growing, it’s seen as taking swings against incumbents.
we are trying to grow the movement
– Raj Gokal (@rajgokal) November 10, 2021
Development and expansion
A few days ago, a major conference was held in Lisbon, Portugal Solana Breakpoint 2021. The event was attended by many dignitaries led by Gokal and Solana Labs CEO Anatoly Yakovenko.
Ecosystem Solana in 2021 it literally exploded in terms of new projects and usability. The NFT sector in particular came to the fore. For the first three months, SOL was exported to blockchain 2.2 million NFT tokens with a total value of more than $ 15 billion. That is a respectable result.
We will therefore look forward to what the future of this promising project will show.