In this article you will learn:
- Why Solana is overloaded
- How the crisis is putting the network to the test
- Why the problem could soon be fixed
- How Base benefits from the current crisis
- Solana’s long-term price prospects
Things were going so well for Solana. Wherever you looked in the last few months, DeFi or memecoins: explosive growth. Ripple and BNB flipped, Ethereum overtaken in many areas, the best price performance of the top coins in 2023, lunar forecasts everywhere, from $1,000 this bull run to $3,200 in 2030. And now: the rude awakening.
Solana has been more or less lame since last week. Almost two thirds of all transactions fail, we read – a negative record, even for the unstable blockchain. On some platforms the error rate is 90 percent.
The mood in parts of the scene is changing and the course is weakening. And the competition – especially the Ethereum Layer-2 Base – benefits and threatens to overtake Solana. Has the high-flyer reached its peak or is the crisis even a good time to step up?
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