could give a good reason why people love solana based project?

[SmartGold01]

It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.

The floor is open for discussion.

[pakhitheboss]

It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.

The floor is open for discussion.

Last year in November SOL was $29 as of today it is $163. So, if you had bought 1 SOL when it was $29 you would have earned $134 if you had sold your 1 SOL today. That is an insane return on investment, I do not think any other crypto has given such a return within a time frame of a few months. Moreover staking SOL is another reason why everyone is buying it and the returns are good which I have seen many times on different forums.

[bee]

I categorize Solana as a bluechip coin like ethereum or some L1 coins in general with various achievements of its ecosystem so far. If you see one of the ethereum projects that is currently sustainable such as DEX, games or NFT marketplaces, you can bet your luck on similar projects on the solana network. The fundamental reason is clear, Solana can be relied on for transaction scalability and fees that support its ecosystem activities.

[armanda90]

One interested of Solana coin should be priority for investing because faster take recovery raise higher price, I have checked several time and comparison with other top altcoin when dropping significant only Solana have faster return back to higher price. Last week when market crashing and all altcoin dropped to lower price, only Solana get faster recovery and raise up more higher price before bitcoin getting drop.
Other top altcoin such as BNB and ETH only take recovery few percent but Solana yesterday when recovering up above 20% and take it faster than other coins.

[SmartGold01]

It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.

The floor is open for discussion.

Last year in November SOL was $29 as of today it is $163. So, if you had bought 1 SOL when it was $29 you would have earned $134 if you had sold your 1 SOL today. That is an insane return on investment, I do not think any other crypto has given such a return within a time frame of a few months. Moreover staking SOL is another reason why everyone is buying it and the returns are good which I have seen many times on different forums.

This absolutely crazy seeing such returns but however does it mean that all token or coin listed on Sol network makes same profits within the shortest time frame? Since most of them are always pointing at Sol based project to invest on time. Lets take a look at pepe, is it a sol base coin as well that could gained this attention all over the market?

[joniboini]

I think there are several reasons, but the emergence of airdrops or meme tokens are definitely key reasons for it. The chain is cheap for developer and user to use, and meme/airdrop is very hyped in the last few months or so, which creates a trend where people speculate/buy more Solana to look for similar opportunity. Basically they're just following where the money goes. The number of marketing/ads I've seen on social media (from influencer, pop-up ads, etc) is also massive so that should contribute a little too. CMIIW.

[ABCbits]

It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?

High TPS (not theoretical TPS) also play a factor here. People generally doesn't seem to care about how centralized is Solana or amount of outage in the past either.

[yhiaali3]

People are emotional and get carried away by the news and the big media hype, so when a project gets popular and famous, people overlook the mistakes and problems and rush after it quickly.

I guess this might be the reason, the Solana network got good publicity and popularity because the fees are low and transactions are fast while the Ethereum network was suffering from slowness and high fees, so most of the new projects moved to Solana and some of them made a big fuss which led to the Solana network becoming more popular than it should have been.

[Yamane_Keto]

Project owners love Solana because it makes them money due to the huge popularity of these projects, all you need is to have the token on Solana and pump the price.

Investors are looking for quick profits and Solana projects are growing which means the potential for profit is high.

When the momentum starts to wane on Solana you will find that projects have moved to a new blockchain and investors too.

[Gurujebs]

It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.

The floor is open for discussion.

It's nothing but because of memes. The reason why you see people love Solana is that the transaction fee is cheap, the network is fast and smart contact execution is slightly lower than BNB chain, so people used it to run meme coin to make quick money they all convert to sol and dump the meme on the market. If you should check the web Explorer of Solana right now, it's feel with smart contract of Dex screener trades.

In addition, scammers love it because it's easy for them to scam through the same meme coins. I think right now the main utility and driving force of Solana is nothing but meme coins. If yiu remove meme coins liquidity from Solana, there will be nothing left in the network.

[MrSpasybo]

It's nothing but because of memes. The reason why you see people love Solana is that the transaction fee is cheap, the network is fast and smart contact execution is slightly lower than BNB chain, so people used it to run meme coin to make quick money they all convert to sol and dump the meme on the market. If you should check the web Explorer of Solana right now, it's feel with smart contract of Dex screener trades.

In addition, scammers love it because it's easy for them to scam through the same meme coins. I think right now the main utility and driving force of Solana is nothing but meme coins. If yiu remove meme coins liquidity from Solana, there will be nothing left in the network.

Well, I think I should add a few things about Solana ecosystem.

Most investors don't choose Solana because of its low fees, high speed, or vibrant ecosystem. These are just secondary reasons, the main reason is the allure of profit. I don't think the majority are using Solana to transfer money, so low fees and high speed become less crucial. They're also not joining Solana for the fun of trading in a vibrant ecosystem. Everyone is seeking profits from the crypto market, and Solana ecosystem is a suitable place.

Beyond memecoins, we can talk about many other values from Solana such as DEX, GameFi, MoveFi, SocialFi... Every trend can be implemented on Solana and help smart investors make profits. I believe this will still hold true in this bullrun!

[Yamane_Keto]

Most investors don't choose Solana because of its low fees, high speed, or vibrant ecosystem. These are just secondary reasons, the main reason is the allure of profit.

That is why, if TON becomes attractive and there is a large user base which means that it will easily make profits, projects will move to it quickly. Investors will do the same if their profits are higher even if the fees are higher.

[ajiz138]

I think there are several reasons, but the emergence of airdrops or meme tokens are definitely key reasons for it. The chain is cheap for developer and user to use, and meme/airdrop is very hyped in the last few months or so, which creates a trend where people speculate/buy more Solana to look for similar opportunity. Basically they're just following where the money goes. The number of marketing/ads I've seen on social media (from influencer, pop-up ads, etc) is also massive so that should contribute a little too. CMIIW.

Yes, it also cannot be ignored that makes people interested in Solana. When a coin is widely talked about, then at that time it will invite many people to enter it.

Solana is also in great demand because the transaction costs are very low, so that also creates its own appeal. Especially during the price spike that occurred some time ago where the price of Solana experienced a very significant increase.

[Fivestar4everMVP]

It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.

The floor is open for discussion.

Well, to be honest with you, there is nothing really special about Solana based projects, it's all about hype, what is reigning at the moment, if you checked well, when ethereum was on board, people were crazy about ethereum based projects as well, whenever one was going to invest in a project that is not built on ethereum, it seemed like such person is or was commiting a taboo.
So also with Binance smart chain, every blackchain has or have had its time of reigning/hype, and currently it's the time for Solana, and soon enough, another project is gonna take over which gradually we are already witnessing, which is Ton.

So, in essence, there is not really special about Solana, if you are talking about low fee, Solana is not the only blockchain that process transactions fast and with low fees, there are several others, what Solana is currently enjoying is nothing but hype.

[JISAN]

It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.

The floor is open for discussion.

It cannot be logical that investors are more interested in SOL Chain's project because of SOLANA's low transaction fees.  Scammers always want to scam more money with less cost so sol can be a good opportunity for scammers then why investors prefer sol based projects?
Basically SOL Team is very active and they do a lot of investigation to officially support a project due to which the success rate of projects supported by SOL network is very high.  As you can see Tapswap used SOL's name they have built a huge community yet SOL officially says they don't support Tapswap.  Because they have researched that the future of Tapswap is not good. So they don't want to lose their investors