From speculation to value, why are people paying renewed attention to SOL?

The rise of Solana ($SOL) in the cryptocurrency space has been nothing short of spectacular. It once attracted a large amount of speculative capital due to its high-speed transactions and low fees, but also faced challenges due to technical issues and network outages. However, over time, Solana has gradually emerged from the shadows of speculation, regaining market attention through its strong technological advantages, ecosystem development, and continuous improvements.

1. High-speed transactions and low fees:

One of Solana's core advantages is its high throughput and low transaction costs. Solana has successfully improved network processing speed through its unique “Proof of History” mechanism, combined with the traditional “Proof of Stake” mechanism, currently supporting thousands of transactions per second (TPS). This is extremely important for decentralized applications (dApps) and DeFi platforms. The combination of low fees and efficient processing capabilities makes Solana the preferred public chain for many developers.

2. Rapid expansion of the ecosystem:

The Solana ecosystem is rapidly expanding, covering multiple areas such as DeFi, NFTs, Web3, and DAOs. Compared to Ethereum's high gas fees, Solana offers a more attractive option, particularly in the NFT and DeFi sectors, where Solana's ecosystem activity has significantly increased, attracting a large number of developers, projects, and investors. DeFi projects like Serum, Raydium, and Mango Markets, as well as NFT platforms like Solanart, have achieved considerable success on the Solana network.

3. Continuous technological improvements and network stability:

Although Solana faced skepticism early on due to multiple network outages, its development team did not give up and continued to improve network stability and technical architecture. Through multiple upgrades and optimizations, Solana's network performance has gradually stabilized, reducing downtime and congestion. These efforts have instilled confidence in investors and developers regarding Solana's future.

4. Strong investor support:

Solana is backed by strong institutional support, including several top investment funds and well-known investors. FTX founder Sam Bankman-Fried has publicly supported Solana and has participated multiple times in project investments within the Solana ecosystem, further enhancing Solana's exposure and development.