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I read online about how Layer 2 projects like optimism and Arbitrum have both flipped solana in TVL, are Layer 2 projects going to take over Solana in future? Also solana is the only project that is not EVM chain compatible, how is this not bad for Solana?.

While that is technical jargon, I don't know about them. What makes me think that Solana's future might be affected is due to hacking.
(https://seekingalpha.com/article/4546458-solana-one-hack-too-many)
(https://www.theverge.com/2022/8/3/23290149/solana-ecosystem-blockchain-attack-hack-wallets-phantom-slope-supply-chain)

Yes, this is what enter into my mind when I see Solana in the title.

They have been hack too many times already that investors don't trust them anymore. And most of the team this kind of breach will take a toll on the project itself, the reputation of the dev behind is being question.

And the thing is, it's hard to recover from this news to be honest, not sure what the project will do so that the investors will bring back their money and confidence to Solana because in the beginning, they've even been touted as as ETH killer.

Well, the truth is that not all the time the project will remain strong due to changing demand and as well as the market situation. However, it was not the end of the project as for sure the team won't let this thing happen but to keep things right and continue develop idea to keep this project even more valuable. But yes, as the market competition, we expect such donwfalls. This is the risk in investing crypto, we are not really sure about its future.

Besides the hacks, investors are moving away from alts in general, and maybe going on the traditional stocks and other less riskier investment instrument. So not only Solana but the whole altcoin just to be fair.

And it could have been amplify with the news of the hacks that can be prevented if their devs have just look deeper, not only once that this had happen to them. One of the biggest hacks I would say, almost draining everyone who's wallet are connected to Solana network. Although it is not a direct Solana hack as itrelated to importing accounts to and from Slope Finance. But the damage has been already, many holders have lost their life savings.

True, it's also the first impression that I can think of whenever someone asks about it. No offense but I see a lot of my friends in real life and friends of friends that are still into it because they've entered during the hype of NFT and it's not only Ethereum that have been on the buzz during that time. But also other projects that got their own chains like Solana but while at they are on their top, it can't be avoided that they've been attacked several times and it's worrying even if they've mitigated those situations or not.

It may be possible for OP and arbitrum. TBH there bunch of new layer 1 and 2 will be launched. The latest layer 1 blockchain is aptos. It's also gaining the momentum. The next one could be SUI. These layer 1 blockchains will become serious competitors for solana.
People are so tired with outages problems that never get solved even when it has been patched so many times. The latest news about hetzner that was blockchain almost one thousand of solana nodes.
This blockchain becomes even worst everyday. I don't know why the price is still remain stable even though so many bad things happened.


EVM doesn't matter a lot. Solana users can use alternative like bridge that already available. Mostly of layer 2 just become EVM compatible but not for layer 1 blockchain.

I am not going anywhere near Solana or any project running on Solana blockchain for now, the issue of this project is scary and the problem is the teams aren't a fan of permanent fixes, is rather wait for a layer 2 project that's more secure than Solana, im looking for the next layer 1 or 2 that can do so well like Matic but right now I haven't seen any yet, maybe Arbitrum will be the one who knows?

The competition is real and obviously Solana lost too many users after latest hacks and problems. The credibility of Solana founders is not the same. When there are better L2 blockchain alternatives it's natural for people to switch. Projects also follow this path and while Solana prides on hosting so many projects, they are losing important developers to their competitors. If they don't take action soon they will also lose their top ten spot.

Basically there usability is pretty much the same between layer 1 and layer 2. there are no lots of different. When people didn't feel confidence anymore with it and they might start to leave it as soon as possible. I were active user of solana in the past but since outages was always coming so many times without a good solution to fix it and i were starting to think that if solana can down anytime and my money can be trapped in the blockchain that goes offline.
that's why i were making a decision by moving from solana to the another blockchain that has more capability to store my money in the blockchain that will never goes offline like that.
There were so many complaints when people are seeing solana blockchain goes offline and this has been going on since last year. This is the hottest topic about solana.
If the developers don't fix it and then it's just the matter of time until users will be massively moving to the another blockchain.

Well a lot of crypto is hype. But also the technology behind it and under the hood. In any bear market the "hype" and glory seems to be lacking. Solana has changed the NFT game and landscape greatly i think. With faster transactions and lower fees ect. I dont think Solana is going anywhere and im sure a lot of development may be on hold for when the bull market comes back. Just my opinion. As far as the hacks this is all crypto recently. A lot of defi and what not it really has to be audited and checked by multiple blockchain security companies i feel.

Behind the useful blockchain of Solana still, this altcoin was under hype and that's why there's a huge crush and it might it can't recover.
It's proven until this day that a blockchain that operates using proof-of-work (PoW) or proof-of-stake (PoS) algorithms is still the best than using a proof-of-history (PoH) algorithm, which is on the Solana.  It seems we consider the Solana project as one of Ethereum's killers which is I think they can't compete with the algorithm of Ethereum.  Still, the Ethereum network is the best for a decentralized network, not Solana.

Going weak?  Possible!
It's all about hype not the real utility of the project.

For me it is not only the rise of the layer 2 projects of Ethereum like the ones you have mentioned i also think that Solana slowly but surely gets a lot of rivals that are completely new blockchain solutions. The first one that comes to my mind is Aptos i am not really a fan of Aptos because it had such huge investemens of big VC companies like Binance, FTX and many others. They have invested 400 M € into Aptos which means that those big companies are owning a large portion of all the tokens now and they can dump heavily on small investors like us.
There are many other blockchains coming up too in the future like Radix for example.

I think,  not being built on EVM, so it is not a concern for Solana. Solana is the only sharding solution that is not EVM compatible, but this isn't a problem for a few reasons.

First, Solana was never meant to be an EVM chain. It was always meant to be a shardable solution.

Second, having an EVM-compatible Layer 2 solution is still important because the primary use of an EVM-compatible solution is as a bridge between blockchains. Solana is focused on being cross blockchain compatible, so it's not a concern for Solana.

I disagree, there's tons of new companies adopting Solana. In terms of infrastructure, pretty recently Google Cloud added Solana Hosted nodes for next year https://cloud.google.com/ (https://cloud.google.com/) and crypto payments platform Poof adding Solana payments https://www.poof.io/ (https://www.poof.io/).

There's tons of other development going on with new projects launching daily. It's still early on, especially with all the DDOS attacks on the nodes. However, the future is bright.

is it the same blockchain that has had a number of outages too?

Solana may not go any higher long term. Its story is going to be similar to the past coins that were touted as Ethereum killers like EOS, NEO, TRX etc. It's even worse now that ETH has gone POS. Their major selling point was the high ETH transaction fees.

This doesn't really help if the community moves out. And it doesn't really matter if some platform accepts payments with certain cryptos. Remember verge and pornhub?
There are numerous reasons why someone accepts specific crypto as payment. They could be paid to endorse it, or that they saw that there was potential buyers with it. I mean as long there's enough liquidity and they can easily at the moment of buying convert it to cash, why shouldn't they accept it.

What it comes to Google, they often want to help out and ofter packages for startups, and it's not just only google, microsoft is known to offer their services to startups as well.

I really am hoping that everything works out for Sol and it has a great community, but community can turn toxic and bitter too. There's no loyality in groups when people lose enough money.

Aside from that Solana had been popular because of NFTs and now that NFTs loses their hype, Solana's popularity has been affected.  But still, I think it is early to say that Solana's future is weak because developers are still making improvements and developing of Solanas network and its features, besides there still developers who choose Solan for its project.


Hacking is almost normal in crypto space, even Binance smart chain hub if I am not mistaken is hacked, there are also lots of cases of ETH and BSC Defi hacks, and even many projects of other networks are victims of hacking.  

so many are choosing matic over solana nowadays, because it's as 2nd layer solution is more familiar with bsc and eth, even right now it seems solana is lacking some good new projects already, all of them are either going in eth since the fees is at the very least become low right now and matic that's always having such low fees. the fact that eth has slowly getting better seems already eating up some of the solana share of market capitalization, maybe in the future eth will heavily influence many 2nd layer since it could takes up many of the newer projects into their platform.

I guess it's all about business. You can count how many nodes got blocked by heztner. The problem was on the blockchain itself and nodes have nothing to do with it. The main problem is hetzner was blockchain around 1 thousand solana nodes caused by unstability. That has been triggered by the solana network caused by outages were always coming. If the outages would never happen and heztner will never try to block those nodes.
I see that google clound was only a hype news. I see that if google cloud sees those nodes who blocked by hetzner could become potential income for the google clound itself.
I do like how google clound was using the golden chance to attract the solana nodes runner to migrated into the google cloud, the hype for google news will not be last long.

Solana isn't an EVM chain, which is a good thing because it allows it to focus on optimizing for one specific use case: providing high-throughput support for dApps and decentralized internet infrastructure (the largest of which might be Ethereum). This is something that Ethereum can't do because if you try to build something that doesn't need to be as fast as possible on Ethereum, it will simply be too slow.

Even if you want to build something small, like a proof of ownership system for art or collectibles, there are still gas fees to pay every time someone wants access to the proof.

Solana is its own independent Blockchain network with its own set of tools and programming language for smart contracts. There's no other platform that's as fast and cheap as Solana (someone correct me if I'm wrong). However, it's also one of the most unreliable blockchains in the world. The network often experiences outages, while competing chains like ETH and ADA have been running smoothly without these kinds of issues. I guess that's what happens when the project sacrifices decentralization in favor of high performance and cost-efficiency. Developers don't seem to care about fixing outages, as they're only focused on the money. The announcement of a new phone powered by the Solana blockchain, tells us just that. For some reason, whales are keeping SOL among the top ranks in market cap. Most people want convenience these days, so they wouldn't care using Solana even though network outages are the norm on the Blockchain.

Ultimately, the market will decide whenever Solana will stay at the top or go all the way down the drain. As long as decentralization wins, there should be nothing to worry about. Just my thoughts ;D

Regarding this problem, I think it depends on the fans and also the holders of Solana whether it is strong or not. and indeed the price of Solana has decreased in the past 1 month, but in the near future I see that the price of Solana has increased quite well, so basically no one will know about Solana in the future. but I hope that the price of solana in the future will rise even higher.

everyone should stay away from Solana I think. Project will dead within next 6 months for sure.

When developers are only thinking about money in the end things will not end well but I hope to be wrong here.I was just checking the price as the last time I saw SOL price was when they were from 66 to over 100 dollars if I am not mistaken.I agree that whales are keeping it up because there is no other valid explanation for this,being one of the most unreliable blockchains in the world should not give the coin as much exposure as Solana had and is having.I personally love stability over convenience which is why I love projects like Raptoreum more,not a single outage and the developers are active there.

I agree with the OP in the end the future does not look that bright for Solana.

If one will not work according to their plan, there should be a back up plan because a any project can’t afford to be stagnant, they should keep on improving and updating. There might be a huge FUD for SOL right now but they should not focus on that, better for them to try a new way to update their platform and be more secured to attract new investors, I also think this is not the end yet for SOL there are still chance for them in the next bull market.

Layer 2 blickchain, open up alot of new development that could help solve many problem abd helo advance the push for cryptocurrncy scalability at whatever point, but in most current, solana has be weak after it crashed when the frx crisis was rocking the market.

But with the support of their community the pruce was able to recover back to arou d $14 which is not too significant for me but at least it shows sifn of recovery.

But me personally, I can't consider Solana as a good investment choice because of its recent market movement and its involvement with the so-called had ftx.

layer 2 ethereum currently dominates the blockchain and many similar projects continue to be developed. I follow a number of them such as Arbitrum, optimism, Zksync and many others.

But I haven't explored Solana that much because yesterday the price of Solana had dropped and now Solana is back up with several updates. The FTX collapse is also the obvious reason why Solana has fallen. This time may be a year of recovery for solana. But right now it's not just Solana, several other altcoins like Polygon are also experiencing the same impact and are also experiencing recovery after the FTX case is over.

Stability/reliability goes above all else. Even if whales are keeping Solana afloat, the project won't be able to last for long if developers don't fix its underlying issues on time. The competition is getting fierce each day, with new smart contract platforms delivering unique features not found anywhere else. Solana should've focused on providing real use cases to the mainstream world, instead of being solely driven by hype.

With the recent crash of a major crypto exchange (FTX), I doubt Solana will be able to get back on its feet anytime soon. We're going to have to see how SOL will react during the next bull market run. Still, rising market prices are not a guarantee the project is doing well. Developers don't care about SOL, so it's likely the cryptocurrency will become history soon. Just my thoughts ;D

From several events and history from Solana, are you still sure that Solana's future will be good.
To be honest, I myself am not sure of this, especially when I remember the travel history of Solana.
I actually think that it is difficult for Solana to be able to revive in the market and attract investors to invest in Solana.
Whatever the project that will be carried out by Solana in the future cannot be a guarantee for being able to have good prospects in the future.

There were reports online that Google bought a Solana coin at a price of $10 for 1 Sol for a total of $ 28 million. Martin David Folb, CEO of Token Dynamics, tweeted about it - https://twitter.com/martypartymusic/status/1612579124282810368 If this information really turns out to be correct, then this explains the pump Sol that we have observed in recent days.

Sol has lost its potential and hype and i am damn sure without any big development it's very challenging for the SOL to rise up again. Even i am not interested in SOl by personal point of view as there is nothing SOL to sell on the name feature or  uniqueness on Blockchain.

solana indeed very week at the moment there are other alternatives that's just better and isn't related with some platform collapses, bonk was the only thing that helps solana survive long but then again even bonk right now seems to fade, I think investing in solana just doesn't seem prospective anymore and better settle investment in other similar coin, considering the data you presented it seems indeed many are already migrating their investments in other blockchain.

before, i was thinking that SOL has the capability to hit in the market because of its promising development. but hack after hack, i don't know what to think now about the strength of its network. they should really step up to earn again the interest of some investors who lost their trust. if their devs won't do anything impressive, this network will soon join those projects that were long forgotten.

agreed, it has lost trust, it has lost its selling point I don't think it could ever recover back to its former glory, sol basically already beyond any saving though this might be just my 2 cents since there are still series of increase that sol have but I think for the long term it just isn't having enough potential after all the things surrounding sol, but i'd say sol is quite resilient enough even after so many crashes of related exchange and investment companies it still keeping its value good enough compared other.

Don't they have a team that handles things to prevent hacking from happening, because that's the most important and fatal thing to keep silent about, because it involves public trust and plus a lot of investor funds, at least the SOL Team can find someone who can look after and deal with existing problems  In the Solana network, we know that all servers are very vulnerable to being hacked, but it depends on the method used to protect them.

It's not going to happen. The whales were still using solana as pump and dump coins. Recently solana got pumped due to the some big news. SBF was owning so many bags of solana in the past and this makes investors are feeling worried with it but the ecosystem will still alive not matter what's gonna happen with SBF and i think that solana will always still survive. As long as SBF already dumped his solana and this project is still fine at this moment. It seems like that what you have been wishing will not even come true soon.
I personally believe that solana is still become a way to make money but not as an investment.

 I think not anyone say that in the future Solana rise are not because suddenly Solana pump in the end of Bear market so the chance is that Solana more pump in future because many events,airdrops are ongoing and people are use this chain so much in those days so according to my experience is that in the coming days Solana more pump.