Is Solana still Worth buying??

[shinratensei_]

Of course Solana is still good to buy, what makes Solana still worth buying because the community is strong enough to compete in the market now, then the ecosystem is also very large so it is likely that the solana ecosystem will continue to grow.

the ecosystem is at the level of etheruem in term of maturity, kamino as one of solana protocol in lending could be said already building reputation as good as AAVE it's just matters of time.

if any, solana would be the one thing that gonna replace ETH if ETH ever fall in term of rank, since ETH ETF inflow has been really bad since the past days (and yeah it's really bad literally 0 inflow yesterday) I think the chance for solana to be the one to take eth's crown will be big.




one thing that needs to be solved though, the rampant scamming in solana, the meme coin rugpull will eventually make people think of solana as scam blockchain if left untended.
that's the only thing that solana needs to fix, as of now, every defi protocol released in solana always cater really good TVL some even more than few billions.

[dbshck]

the ecosystem is at the level of etheruem in term of maturity, kamino as one of solana protocol in lending could be said already building reputation as good as AAVE it's just matters of time.

if any, solana would be the one thing that gonna replace ETH if ETH ever fall in term of rank, since ETH ETF inflow has been really bad since the past days (and yeah it's really bad literally 0 inflow yesterday) I think the chance for solana to be the one to take eth's crown will be big.

While I do see Solana's potential, it's still quite a distance from Ethereum's level. If we look at the TVL, Ethereum currently has about 8x more than Solana. The same kind of disparity exists between Kamino and AAVE. Solana needs to attract significantly more volume and users, especially institutional investors and whales, to close that gap.

As for the recent Ethereum ETF inflows, it actually suggest a broader challenge for all altcoins, including Solana. If Ethereum is struggling to attract interest, it's hard to see a future where a Solana ETF (if it ever get approved) would fare much better. Right now, institutional interest seems to be focused primarily on Bitcoin.

[Akbarkoe]

Of course Solana is still good to buy, what makes Solana still worth buying because the community is strong enough to compete in the market now, then the ecosystem is also very large so it is likely that the solana ecosystem will continue to grow.

the ecosystem is at the level of etheruem in term of maturity, kamino as one of solana protocol in lending could be said already building reputation as good as AAVE it's just matters of time.

if any, solana would be the one thing that gonna replace ETH if ETH ever fall in term of rank, since ETH ETF inflow has been really bad since the past days (and yeah it's really bad literally 0 inflow yesterday) I think the chance for solana to be the one to take eth's crown will be big.




one thing that needs to be solved though, the rampant scamming in solana, the meme coin rugpull will eventually make people think of solana as scam blockchain if left untended.
that's the only thing that solana needs to fix, as of now, every defi protocol released in solana always cater really good TVL some even more than few billions.

Speaking of TVL Ethereum is still the biggest at the moment, it's hard to expect Ethereum to collapse, their project continues to grow and Vitalik Buterin will definitely not let it become a quiet network or experience setbacks.

I realize that Defi solana has a lot of investors and has become interesting because of the many meme coins that are scattered there, maybe it's a business strategy on the market hype about meme tokens, but indeed strategies like ii cannot be maintained for longer, because in talking about the market there will be a saturation point for a product / service, memes may experience a decline after investors return to see projects that have value.
Source
Looking at this data it is still very difficult to talk ETH will collapse, even AAVE and Kamino still have a big difference in talking TVL, including other defi, but indeed the Solana ecosystem is the best candidate for now.

[shinratensei_]

Looking at this data it is still very difficult to talk ETH will collapse, even AAVE and Kamino still have a big difference in talking TVL, including other defi, but indeed the Solana ecosystem is the best candidate for now.

current AAVE TVL is big indeed but it's not impossible to overtake, once solana's ecosystem finally matured and there are many DEXes that enables leveraged trading through routing with kamino it will grow eventually.
it's just matter of time, AAVE itself already existed since long ago, only now gaining traction because there are so many need for speculation through leveraging capital by borrowing.

currently solana L2, Restaking protocol, and gamefi is growing rapidly, once everything comes into place, solana will sky rocket. it will at least be at the level of BNB if it didn't steal ETH position.

[Akbarkoe]

Looking at this data it is still very difficult to talk ETH will collapse, even AAVE and Kamino still have a big difference in talking TVL, including other defi, but indeed the Solana ecosystem is the best candidate for now.

current AAVE TVL is big indeed but it's not impossible to overtake, once solana's ecosystem finally matured and there are many DEXes that enables leveraged trading through routing with kamino it will grow eventually.
it's just matter of time, AAVE itself already existed since long ago, only now gaining traction because there are so many need for speculation through leveraging capital by borrowing.

currently solana L2, Restaking protocol, and gamefi is growing rapidly, once everything comes into place, solana will sky rocket. it will at least be at the level of BNB if it didn't steal ETH position.

I am also quite confident about solana, although it does not overtake Ethereum, it is likely to be close below it if the growth of the solana ecosystem increases in any field that will make them continue to grow and be in demand by the market that needs it.

The protocols that are built are already quite a lot and it is only a matter of increasing adoption to be even wider, but what is an obstacle in my thinking about solana is their network that has problems, we know some time ago when this Blackchain had many users making the network crash and die for some time, if this problem is resolved and will never happen again on the blockchain it will be better for solana.

[justdimin]

I am also quite confident about solana, although it does not overtake Ethereum, it is likely to be close below it if the growth of the solana ecosystem increases in any field that will make them continue to grow and be in demand by the market that needs it.

The protocols that are built are already quite a lot and it is only a matter of increasing adoption to be even wider, but what is an obstacle in my thinking about solana is their network that has problems, we know some time ago when this Blackchain had many users making the network crash and die for some time, if this problem is resolved and will never happen again on the blockchain it will be better for solana.

I do believe the opposite, because I think SOL doesn't have what it takes to stay low and because of that I honestly think that it is going to have some issues as well, a lot of people think the same because they are not investing into it by any mistakes, it is not clear what we are going to do and how we are going to move, so we should be a lot more careful with it.

I think SOL will get worse, and it will drop in rank as well, I do not think that it will drop in rank because the price will fall, I think price will go up, but I think other coins and tokens will have higher increases and SOL will have a small increase. Same logic as XRP basically, it didn't do that badly, but others did better, same will happen for SOL as well. Because I think it's way too centralized to make it stay high, while we do use some centralized stuff like BNB, at least it has binance exchange behind it, SOL is just some people controlling the whole chain, which is not okay.

[betswift]

The protocols that are built are already quite a lot and it is only a matter of increasing adoption to be even wider, but what is an obstacle in my thinking about solana is their network that has problems, we know some time ago when this Blackchain had many users making the network crash and die for some time, if this problem is resolved and will never happen again on the blockchain it will be better for solana.

I agree, SOL is pushing the boundaries even further with Frankendancer which will evolve into FireDancer, so I think the metrics for the users will become even better

[FortuneFollower]

It's time to buy before the bull run starts in the near future. every coin has potential with large periodic increases in the next bull run, now the market is weakening. Solana is also one of the coins that has future potential with a wide network in various spaces and gives strong signals from the first appearance, so I think this is still an opportunity to collected a lot of Solana coins at the beginning of this month of September.

I agree. The possibilities are there for everybody to grab, and Solana won't stop the innovation of its nodes anytime soon - I think it's a great choice for going in.

[Akbarkoe]

I am also quite confident about solana, although it does not overtake Ethereum, it is likely to be close below it if the growth of the solana ecosystem increases in any field that will make them continue to grow and be in demand by the market that needs it.

The protocols that are built are already quite a lot and it is only a matter of increasing adoption to be even wider, but what is an obstacle in my thinking about solana is their network that has problems, we know some time ago when this Blackchain had many users making the network crash and die for some time, if this problem is resolved and will never happen again on the blockchain it will be better for solana.

I do believe the opposite, because I think SOL doesn't have what it takes to stay low and because of that I honestly think that it is going to have some issues as well, a lot of people think the same because they are not investing into it by any mistakes, it is not clear what we are going to do and how we are going to move, so we should be a lot more careful with it.

I think SOL will get worse, and it will drop in rank as well, I do not think that it will drop in rank because the price will fall, I think price will go up, but I think other coins and tokens will have higher increases and SOL will have a small increase. Same logic as XRP basically, it didn't do that badly, but others did better, same will happen for SOL as well. Because I think it's way too centralized to make it stay high, while we do use some centralized stuff like BNB, at least it has binance exchange behind it, SOL is just some people controlling the whole chain, which is not okay.

Yep right, maybe some problems can have a cure or not, and the business mechanism in the crypto industry with its anonymity and control that is exemplified by the existence of bitcoin which upholds the full decentralization of assets that no one controls bitcoin, of course this will not be logical in talking like that.

But if we encode with Ethereum which is the same mechanism, which is centralized, although it is still said to be not worth comparing, but in my opinion it works the same way, many people see Ethereum in the concept of business, as well as SOL which is a business that needs control that requires centralization.
Whether good or not we will see how far the Solana network will survive and grow in the various market cycles of this industry.