Solana: New Leader in the Blockchain World? Reflections of a Celestia Top Manager
Date: 2024-03-30 Author: Gabriel Deangelo Categories: BLOCKCHAIN
The blockchain world meets a new leader
Recent words from Celestia Chief Operating Officer (COO) Nick White caused quite a stir in the blockchain community when he boldly called Solana (SOL) the successor to Ethereum (ETH). The announcement comes amid Solana's impressive achievements in the areas of scalability and blockchain adoption.
White drew parallels between Solana and Ethereum, noting the surprising similarities in the block filling of both networks. He noted that Solana blocks fill up as quickly as Ethereum blocks. This underscores the importance of Solana's rapid deployment and increasing transaction volumes.
Solana's successes: facts and figures
White bolstered his confidence in Solana's potential with screenshots from the project's blog, demonstrating the network's impressive computing power. He also noted that the units recently reached a total compute limit of 48 million CUs during periods of congestion. This demonstrates Solana's commitment to scalability and accessibility for users.
Support from the co-founder of Solana Labs
Previously, the co-founder of Solana Labs also expressed optimism about the project after Solana DEX reached $50 billion in trading volume. This increase in trading activity coincided with an increase in Solana's market capitalization, highlighting the project's growing influence in the decentralized finance (DeFi) sector.
