Analyst said Solana can bring in a billion people to the crypto space

• An analyst believes Solana will attract more people to the Crypto world than a majority of networks.
• Further, the Solana network will overtake Ethereum as the most adopted blockchain.

According to a crypto analyst, Ethereum’s major competitor, Solana, can bring a billion users to the crypto world. The analyst from InvestAnswers pointed out that the historical activities of the Solana network are exceeding its boundaries, hoping that the network will break the limits of the blockchain ecosystem soon. He notes that crypto enthusiasts should not regard the Solana network as a mere chain in the crypto space. The network has the potential to become the next most adopted network in the crypto industry. Notably, Ethereum has remained the top community technology that powers digital money, global payments, and building decentralized applications. 

Russian computer engineer Anatoly Yakovenko and Indian Entrepreneur Raj Gokal co-founded the Solana Network. These crypto enthusiasts are determined to bring a billion people to their network. To achieve their aim, they are ready to test the blockchain’s limits. Assuredly, they are well-equipped to bring this proposal to existence. Web2 has recorded many crash cases recently, which are typical results of testing the limits of a system. It is a core developmental phase that prepares a system for better functionality.  

In a closed discussion with the popular crypto analyst, he extensively discussed the plight of the Solana network:

…think about the chain. Think about the scale. Yes, the code needs improvement. Yes, stability is key. It’s still in beta. It’s still a very young chain, and the adoption is way beyond my wildest dreams as of March 2021. Did I think that [Solana would] be eating Ethereum’s lunch at this rate? Nope.

Major reasons Solana could bait in more people to the crypto space

The analyst had earlier predicted a bullish run for the Solana ecosystem. Earlier this year, Solana was named Ethereum’s number one competitor. In a YouTube video, he disclosed reasons Solana has a potential advantage over Ethereum in the crypto world. He believes SOL is a potential ETH killer, though it has one-twelfth of the ETH market cap, “it’s doing a lot of stuff.” The crypto analyst has also outlined why Solana remains strong-footed in the industry. 

The strength of Solana, and the reason why I still like it, is that they have the most breadth of DApps [decentralized applications]of any chain out there. They have exponential adoption. Fast, inexpensive, scalable. Despite the outage… It also has Rust, the most preferred developing language that’s driving the most development activity on any chain. Sixty-five thousand [transactions per second]. No need for layer-2s and SOL DApps have more daily active users than Ethereum DApps, which is kind of staggering, because Ethereum has about 3,000 DApps and SOL has about 750.

Solana currently ranks as the 9th largest cryptocurrency by market cap, valued at $11,946,089,600. The coin trades at $33.64, gaining 3.71 percent in the last 24 hours.