The battle in the Priest Temple is Solana’s past, and FTX is better than love, hate, or separation. , relying on high performance, DePIN, DeFi and Ethereum replacement, Solana is back!

In the entire L0/L1/L2 public chain competition, Solana is second only to Ethereum, with all the tracks we can think of , Solana has all submitted answer sheets with more than 90 points, except for ZK and L2, but according to founder Anatoly, “Solana itself is an ultra-fast and ultra-secure public chain, and there is no need to continue to stack up buildings. Based on Solana Mainnet development is enough.”

You can count Solana’s achievements:

• DeFi: marginfi /Jito/Pyth Network

• NFT: Magic Eden/Mad Lads

• DePIN: Helium/Render Network

• Payment: Visa/USDC

• RWA: Maple Finance

• GameFi: Star Atla

• Hardware&Meme: Sage&Bonk

• Inscription: Nos-20 (Neon)

• Wallet: Backpack/Atomic Wallet/Exodus/Phantom Wallet

Solana not only has old brands, such as Magic Eden, Render Network, as well as new forces such as Jito and Bonk, and even Helium, a second-time popular product that has sprouted new buds from an old tree.

Among the many projects that experienced the FTX shock, Solana not only survived, but also survived better and better. In December 2022, the price of SOL fell to It is about 10 US dollars, less than 4% of the highest point of 250. It has now risen to 70 US dollars, which is equivalent to a third of the blood recovery.

Extreme performance route, exclusive secrets of Solana

Creating the second complete ecosystem in the encryption world system, and there are signs of vaguely transcending the EVM ecosystem. This is the author's personal subjective view of Solana. This impression was not originally derived from the prosperity of Solana's ecosystem, but from Mable Jiang's Houlang podcast. In the podcast, Mable said that Solana’s founding team attaches great importance to market value management, is extremely sincere, and is willing to embrace the logic at the bottom of the currency circle. This is the true nature of Solana.

Of course, following the story of Solana, Solana’s POH (Proof of History, proof of historical time) and downtime once made it a joke in the encryption circle Menstrual patch, I need to use it from time to time.

But just like Solana can climb up from the lowest point, every downtime can be mitigated. Thanks to relying on physical time to verify the block status, Solana It truly achieves the ultimate performance route at the cost of "machine room chain" and non-scalability.

Ethereum has 7,000+ nodes, while Solana has less than 3,000, but Ethereum’s main The network TPS is only between 12 and 15, and Arbitrum One can barely break through 20. At this time, we can see the horror of Solana. The official claim is 65,000, and the daily operation is 2,500-3,000.

In this inscription test, Solana is almost the only Layer 1 that can withstand artificial DDOS. It is much stronger than the Cosmos system, and in the future After Firedancer is upgraded, the theoretical TPS can reach 1 million+, and the daily TPS is estimated to reach 100,000+. This is also the main factor why Visa and DePIN choose Solana.

Showing off old grudges: Solana’s regrettable past

We won't discuss price too much, but the fact that Solana survived the FTX collapse is a miracle in itself. Putting aside the conventional analysis of word count, I think there are only three points that contributed to the success of Solana’s rescue.

1. Multi-point layout, the ecology keeps the lower limit. After a sudden disaster, Solana was affected, Maple Finance left, and Magic Eden tried a multi-chain layout. However, the market knew that this was not Solana’s problem, and Solana was not particularly dependent on a certain project, so it eventually recovered;

One ​​year later, in December 2023, Solana’s circulating market value was less than 30 billion, about 10% of Ethereum, and in September, SOL’s transaction volume was only ETH's 3% in the same period can also be seen that Solana has recovered, but killing Ethereum is still a dream.

2. Soft alliance, capital support, automatic lock-up, effective at the end of the day. Solana and FTX are not self-developed public chains by exchanges like Binance and BSC, but external ecological alliances. What FTX buys are SOLs that need to be unlocked. As long as they are not declared dead immediately, there will be time to move around. Solana’s investment On the other hand, top capitals such as a16z and Multicoin have raised US$300 million. They will not just watch SOL go back to zero. They will always save it if they can.

3. Irreplaceable for Mass Adaption, especially DePIN and Web2 applications. This point is ignored by many people. Solana has successfully supported the needs of STEPN. This is also the project that Web3 has really come out of. It is worth mentioning that Mable also worked at STEPN, and they are all connected.

The earliest realization of the importance of Solana to DePIN was not when Mobile surged today, but when the Render network was preparing to move from Polygon to Solana. This was in March At that time, Solana was not favored by others and caused heated debate in the RNDR community. At that time, I felt that Solana's importance to projects such as DePIN could not be replaced.

Projects like DePIN are different from high-value DeFi applications and closer to the edge of traditional IoT (Internet of Things) concepts such as computing pay more attention to stability and low price. Solana naturally has an advantage in synchronization speed. Taking the currently popular Helium as an example, the number of IoT devices reaches more than 300,000, and there are more than 3,000 5G devices. A large number of hardware Deployment only Solana can satisfy.