1. What is Solana?
Solana (SOL) is a high-performance layer 1 blockchain launched in 2020. Often called an “Ethereum killer,” it can process thousands of transactions per second.
💡 Solana versus Ethereum
Speed: Solana ~400ms | Ethereum ~12 seconds
TPS: Solana ~65,000 | Ethereum ~30
Gas fees: Solana $0.00025 | Ethereum $1–$50
Consensus: PoS + PoH | PoS
2. Core technology: Proof of History
Proof of History (PoH) is Solana's distinctive mechanism for cryptographically proving the passage of time. It enables fast block production without time synchronization between nodes.
3. The Solana ecosystem
- DeFi — Jupiter, a DEX aggregator; Marinade, a liquid staking protocol; and Raydium.
- NFTs — Magic Eden, the largest NFT marketplace, and Tensor.
- Meme coins — At the center of the 2024 meme coin boom, including Bonk, WIF and POPCAT.
- DePIN — Helium for wireless networks and Render for GPU computing.
- Payments — Solana Pay and the Visa partnership.
4. Solana's risks
⚠️ Points to consider
• A history of network downtime, including several outages in 2022.
• Exposure to the FTX crisis, with FTX and Alameda holding large amounts of SOL.
• Validator concentration — High hardware requirements raise decentralization concerns.
• Increasing competition from next-generation layer 1 networks such as Aptos and Sui.
5. Investment perspective
Solana's technology and ecosystem growth are impressive, but its volatility is substantial. The suggested allocation is no more than 10–15% of a portfolio.
6. AI focuses on Bitcoin
Altcoin investing carries high risks. NOONOO TRADING focuses on Bitcoin futures, described here as the most liquid and predictable market.
🃏 AI as a steadier alternative to altcoins
See the results of AI trading focused on Bitcoin.
Start in the bot