Negligible gas fees make Solana a great chain for quick-money degens, and it also seems to have an emerging 1/1 art scene on marketplaces like Exchange Art, according to some (DYOR). Despite being hailed as the Ethereum-killer, there’s a lot of debate around whether Solana is really decentralized, or if it’s mostly a VC-backed private chain in disguise. One of its critics’ main attacks is how unstable it seems.
In the past 12 months, Solana has gone down 8 times, with the latest being this week. The outage had a lot of Sol bashers feverishly tweeting about how bad Solana is, while Sol maxis fired back, citing that the 27 million transactions that did go through yesterday on Solana (compared to Eth’s 1.7 txns) would have made Eth inaccessible for most its users due to Eth’s sometimes wild gas fees.
At the end of the day, though, we live in a multi-chain reality and each has its own strengths and weaknesses. Understanding them is what it takes to make it as individual users and as a community.
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