Solana has become a popular blockchain due to several key features:

Speed ​​and Scalability: Solana has fast transaction speeds that can support up to 65,000 transactions per second. This makes it especially attractive for financial applications, games, and other high-transaction-volume applications. Solana's scalability relies on innovative consensus mechanisms such as Proof of History (PoH) and Tower BFT, which prevents its performance from degrading as the network expands.

Low Transaction Fees: Solana can process transactions for as low costs as just a few cents. This gives developers and users an advantage over blockchain networks such as Ethereum, which charge higher fees.

Developer-Friendly Ecosystem: Solana supports popular programming languages ​​such as Rust, C, and C++, allowing existing software developers to easily develop applications on Solana. It has also made significant investments in growing its ecosystem by offering resources, tools, and grants to developers.

DeFi and NFT Projects: Solana hosts many successful projects in areas such as DeFi (decentralized finance) and NFT (non-fungible tokens). High processing speed and low costs provide an ideal environment for such applications.

Effect of Meme Token Hype on Price:

Trend-based projects, such as meme tokens on Solana, often gain a lot of attention for a short period of time, which can temporarily increase usage of the network and demand for tokens. However, since such waves of hype do not create sustainable value, their impact on Solana's price may be limited in the long run. Still, short-term speculation may cause fluctuations in Solana's price.

Is Solana an Ethereum Killer?

While the concept of “inter-blockchain competition” is often discussed, the term “Ethereum killer” can be a bit misleading. Although platforms like Solana outperform Ethereum in some areas, Ethereum has its own advantages.