Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Solana Forum => Topic started by: Greenlight on November 26, 2024, 06:37:35 PM
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If Solana’s the fastest blockchain out now, why are there less Dapps on the platform?
I mean is there another factor asides speed that solana doesn’t have? I’m curious.
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If Solana’s the fastest blockchain out now, why are there less Dapps on the platform?
I mean is there another factor asides speed that solana doesn’t have? I’m curious.
Before now, there were many Dapps Solana because if I could remember, Solana was one project that got heavy funding, so many developers were there and they were reeking thousands and millions in grants but the collapse of the ecosystem kills the trust. Check Raydium and Serium, that was the beginning of the collapse of Dapps on solana.
Maybe in the future, there will be more and they will be able to win back some developers but truly, an average guy on Solana want to make money from meme coins rather see Dapps like in the past on solana network
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If Solana’s the fastest blockchain out now, why are there less Dapps on the platform?
I mean is there another factor asides speed that solana doesn’t have? I’m curious.
The rate of progress of different projects on the blockchain depends on many factors including liquidity. For a particular coin or token the crypto space to have enough liquidity it's also needs to have a good adoption rate which can be relatable to their investors. The bigger the volume of investment on a particular currency the better its price and adoption appreciates.
Although of carried out a couple of transactions on the solana blockchain though there are few I haven't really compared the speed of Solana transactions to other networks. However I think drop in adoption is as a result of drop in hype too.
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What caused the collapse?
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If Solana’s the fastest blockchain out now, why are there less Dapps on the platform?
I mean is there another factor asides speed that solana doesn’t have? I’m curious.
Before now, there were many Dapps Solana because if I could remember, Solana was one project that got heavy funding, so many developers were there and they were reeking thousands and millions in grants but the collapse of the ecosystem kills the trust. Check Raydium and Serium, that was the beginning of the collapse of Dapps on solana.
Maybe in the future, there will be more and they will be able to win back some developers but truly, an average guy on Solana want to make money from meme coins rather see Dapps like in the past on solana network
So Solana’s just a memecoin base now?
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If Solana’s the fastest blockchain out now, why are there less Dapps on the platform?
I mean is there another factor asides speed that solana doesn’t have? I’m curious.
The rate of progress of different projects on the blockchain depends on many factors including liquidity. For a particular coin or token the crypto space to have enough liquidity it's also needs to have a good adoption rate which can be relatable to their investors. The bigger the volume of investment on a particular currency the better its price and adoption appreciates.
Although of carried out a couple of transactions on the solana blockchain though there are few I haven't really compared the speed of Solana transactions to other networks. However I think drop in adoption is as a result of drop in hype too.
Yeah. I suspected it’s a hype problem too.
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Before now, there were many Dapps Solana because if I could remember, Solana was one project that got heavy funding, so many developers were there and they were reeking thousands and millions in grants but the collapse of the ecosystem kills the trust. Check Raydium and Serium, that was the beginning of the collapse of Dapps on solana.
Maybe in the future, there will be more and they will be able to win back some developers but truly, an average guy on Solana want to make money from meme coins rather see Dapps like in the past on solana network
I still remember the vibrant period of Sol with many big trends like DeFi, NFT, and GameFi in 2021, but unfortunately, that couldn't be repeated. Currently, Sol is only famous for Sagaphone and memecoins, besides that, we don't see large capital flows into Sol or other potential projects in the ecosystem.
This will threaten Sol's future because every blockchain needs to build a vibrant ecosystem. If the ecosystem only exists depending on memecoins, Sol will not be able to compete in the race for blockchain adoption in the future.
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Before now, there were many Dapps Solana because if I could remember, Solana was one project that got heavy funding, so many developers were there and they were reeking thousands and millions in grants but the collapse of the ecosystem kills the trust. Check Raydium and Serium, that was the beginning of the collapse of Dapps on solana.
Maybe in the future, there will be more and they will be able to win back some developers but truly, an average guy on Solana want to make money from meme coins rather see Dapps like in the past on solana network
I still remember the vibrant period of Sol with many big trends like DeFi, NFT, and GameFi in 2021, but unfortunately, that couldn't be repeated. Currently, Sol is only famous for Sagaphone and memecoins, besides that, we don't see large capital flows into Sol or other potential projects in the ecosystem.
This will threaten Sol's future because every blockchain needs to build a vibrant ecosystem. If the ecosystem only exists depending on memecoins, Sol will not be able to compete in the race for blockchain adoption in the future.
I think the major thing could be investor, they are interested in a quick profit project and for Sol, only meme is make wave and I believe investors are looking towards coin to give them what they want in the shortest period and they aren't cared about whatever could be the cases.
Well, like I know the development is up already and they wouldn't be left behind because we see less dapp build on their Chain.
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I think the major thing could be investor, they are interested in a quick profit project and for Sol, only meme is make wave and I believe investors are looking towards coin to give them what they want in the shortest period and they aren't cared about whatever could be the cases.
Well, like I know the development is up already and they wouldn't be left behind because we see less dapp build on their Chain.
Solana has always been one of the most beloved blockchains and is sought after by both developers and users. Currently, there is a trend among developers to create fewer high-quality Dapps. They might try their hand at simple memecoins based on community preferences instead of investing intellectual effort into a significant Dapp.
I hope we will soon have more good Dapps for users to experience and provide feedback on new projects. Solana cannot survive on just memecoins or RWAs. It was created to serve the big community games with a speed of 65k tps.
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Solana users are now focusing a lot on memecoins alone and that is very evident with the emergence of hundreds of thousands of memecoins every day non-stop. Solana Dapps may only be a few that continue to be actively used such as Pump.fun, Raydium, Jup, etc. and other Dapps are just complements.
List Dapps SOLANA:
https://dappradar.com/rankings/protocol/solana
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If Solana’s the fastest blockchain out now, why are there less Dapps on the platform?
I mean is there another factor asides speed that solana doesn’t have? I’m curious.
Solana is not the only blockchain out there that processes transactions fast, there are actually a lot of others that are very fast too, if not even faster than Solana, example is Sui network.
I recently had the opportunity of transacting on Sui network and I must say that that blockchain is damn fast, and if I am to say which is the fastest, I would happily choose sui network over Solana.
There are other blockchains too that are coming up, example is Renec blockchain (Remitano network), a blockchain built on top of Solana, also just as fast as Solana is.
The nutshell is that, there is a great competition in the blockchain industry at the moment, and some competitors have won over; some potential Solana projects to themselves.
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If Solana’s the fastest blockchain out now, why are there less Dapps on the platform?
I mean is there another factor asides speed that solana doesn’t have? I’m curious.
Before now, there were many Dapps Solana because if I could remember, Solana was one project that got heavy funding, so many developers were there and they were reeking thousands and millions in grants but the collapse of the ecosystem kills the trust. Check Raydium and Serium, that was the beginning of the collapse of Dapps on solana.
Maybe in the future, there will be more and they will be able to win back some developers but truly, an average guy on Solana want to make money from meme coins rather see Dapps like in the past on solana network
I also believe that you also create an excellent comment in your post. So i am personally agree with your comment. We also know that solana is one of the best profitable crypto in cryptocurrency market. I think that gradually it’s price must be increase in cryptocurrency market. Because we saw that bitcoin price is running on rapid action in cryptocurrency market. So it also be best opportunity for increase solana price. Because we believe that when bitcoin price will increase, then others crypto market also be high level.
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If Solana’s the fastest blockchain out now, why are there less Dapps on the platform?
I mean is there another factor asides speed that solana doesn’t have? I’m curious.
Ethereum is the ecossystem with more developers. SOlana is relatively new. Its blockchain was down a few times in the past, making it not so reliable, and they also suffered a lot with FTX fall.
Developers won't easily migrate to solana, as there are other EVM (ethereum virtual machine) projects, like BSC, where they can also deploy the same apps.
Solana needs more time to prove itself, for now it is basically only the house of memecoins
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If Solana’s the fastest blockchain out now, why are there less Dapps on the platform?
I mean is there another factor asides speed that solana doesn’t have? I’m curious.
SOLANA is a very strong blockchain and they are very serial with their chain projects which is why they do not support all types of projects. For example, despite Tapswap's huge community growth, they unofficially promote themselves as SOLANA, but when it came to their attention, they officially announced that they don't officially support Tapswap. Many such projects wanted to work for Solana but SOL did not officially support them due to which many companies wanted to launch Dapps or SOL Dex but could not launch
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Ethereum is the ecossystem with more developers. SOlana is relatively new. Its blockchain was down a few times in the past, making it not so reliable, and they also suffered a lot with FTX fall.
Developers won't easily migrate to solana, as there are other EVM (ethereum virtual machine) projects, like BSC, where they can also deploy the same apps.
Solana needs more time to prove itself, for now it is basically only the house of memecoins
I hope Solana can improve this by focusing on and encouraging other major trends in the ecosystem like DeFi, DePIN, NFT, RWA, GameFi, SocialFi, MoveFi... because memecoins have never been a sustainable trend for an ecosystem. It can attract users and capital flow but it's very difficult to help an entire ecosystem become more valuable.
We still have a lot of time for the bullrun and I believe many Dapps will return to Solana to take advantage of the power from this fast blockchain. The huge user base on Solana is a target that every #DevelopmentTeam wants to reach ^^
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Solana users are now focusing a lot on memecoins alone and that is very evident with the emergence of hundreds of thousands of memecoins every day non-stop. Solana Dapps may only be a few that continue to be actively used such as Pump.fun, Raydium, Jup, etc. and other Dapps are just complements.
List Dapps SOLANA:
https://dappradar.com/rankings/protocol/solana
Only a few Solana Dapps have large TVLs while those who focus on memecoin search use more well-known Dapps such as raydium.
So it is indeed the Dapps that are mostly used by the community compared to other Dapps even though they are on this list.
Actually there are so many new Dapps but they have not been able to outgrow other Dapps.
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Solana users are now focusing a lot on memecoins alone and that is very evident with the emergence of hundreds of thousands of memecoins every day non-stop. Solana Dapps may only be a few that continue to be actively used such as Pump.fun, Raydium, Jup, etc. and other Dapps are just complements.
List Dapps SOLANA:
https://dappradar.com/rankings/protocol/solana
Only a few Solana Dapps have large TVLs while those who focus on memecoin search use more well-known Dapps such as raydium.
So it is indeed the Dapps that are mostly used by the community compared to other Dapps even though they are on this list.
Actually there are so many new Dapps but they have not been able to outgrow other Dapps.
I think solana blockchain is basically focused at memecoins.
While mosf important tokens and new apps are still in ethereum ecosystem, like most the AI projects .
I still believe we will see an AI run and an ethereum strong recovery in the next months
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I think solana blockchain is basically focused at memecoins.
While mosf important tokens and new apps are still in ethereum ecosystem, like most the AI projects .
I still believe we will see an AI run and an ethereum strong recovery in the next months
I don't think Sol team wants Sol to be flooded by memecoins although they are boosting SOL's price on the market. Sol team chose Sagaphone and BONK to trigger the recovery from the ashes, and they succeeded. The side effect is it turns Sol into the favorite blockchain of memecoins :)
Currently, a few dApps are still running but the ecosystem doesn't have many new dApps to serve DeFi users in the future. Even some successful projects on Sol like Jupiter are not mentioned as frequently as when it was first launched. The price increase of memecoins has overshadowed many other potential projects that are more important for the Sol ecosystem.
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This is because of Solana code language "Rust" it's like a c++ so it can give a lot of oportunities without any restrictions
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I don't think Sol team wants Sol to be flooded by memecoins although they are boosting SOL's price on the market. Sol team chose Sagaphone and BONK to trigger the recovery from the ashes, and they succeeded. The side effect is it turns Sol into the favorite blockchain of memecoins :)
there are many memecoins in the world and even more being launched so it would just be smart for the team to not want their network to be known for dead memecoins although it is not exactly their choice since no one can know which ones would do well or not
Currently, a few dApps are still running but the ecosystem doesn't have many new dApps to serve DeFi users in the future. Even some successful projects on Sol like Jupiter are not mentioned as frequently as when it was first launched. The price increase of memecoins has overshadowed many other potential projects that are more important for the Sol ecosystem.
maybe in general the solana network is not mentioned when it comes to memecoins i noticed that other networks seem to be the popular ones when it comes to memecoins though not to say that solana do not have it anymore but it is not the only network to be used nowadays which is why maybe why the hype has gone quite a bit
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Solana still needs a lot of community to support creating many Dapps, if OP sees and compares it with Ethereum Dapps then I think it's not quite right, I just think critically if OP compares Solana and Ethereum Dapps.
Looking at Solana now, I think that one day it will continue to grow rapidly for the development of its Dapps and maybe it will approach Dapps from Ethereum. Looking at the ranking from Coingecko, Solana also continues to overtake BNB.
For BNB, it has a mainstay, namely the centralized exchange Binance, while Solana does not have a centralized exchange but is able to provide a lot of marketcap resistance from Solana to BNB.