The layer 1 Solana blockchain could evolve into a “pony in a turn” for generation and trading samecoin, according to a recent standard ratio.
According to a standard Chartered Research Report of May 27 shared with Cintelelegraph, Solana “dominates in the fields which require solutions at high volume and at low cost” because of its design prioritizing the confirmation of rapid and inexpensive transaction. The report suggests that this has had an involuntary consequence:
“Until now, this has been mainly in the same trade, which explains the majority of activities in Solana (as measured by the” GDP “, which is applications of applications).”
Standard Charterd said that the frenzy of the same served as a stress test for Solana’s scalability, but had come with drawbacks due to the volatility and the speculative nature of these assets. While the Memecoin trading volumes decrease, the bank warned that Solana could have trouble maintaining the momentum.
In relation: An Instagram account Migos pirated in an apparent blackmail offer on the co-founder of Solana
The samecoin trading has succeeded in its peak
The report indicates that the same activity, based in Solana, has exceeded its peak, and “the drop in use and” cheap “negotiations are not a good mix”. The bank suggested that Solana is developing in other sectors that require the treatment of large volumes of transactions at a lower cost and quickly.
According to the report, these sectors may include high -speed financial applications and traditional consumption applications such as social media. However, the scaling of these applications can take years, according to the bank, with disastrous consequences for Solana:
“Consequently, we expect Solana Subperform Ethereum over the next two to three years, before catching up, at least in real terms.”
Solana: Solana according to Bitcoin? Network activity, the graph’s model indicates a floor price of $ 300
Solana’s edge fades
Solana has long positioned itself as a quick and inexpensive layer 1 blockchain with intelligent contract support, competition directly with Ethereum. However, this edge can shrink.
Ethereum Layer-2 platforms have caught up with Solana in terms of average transaction cost since the Dencun network upgrade in March 2024. This change exerted pressure on Solana’s value proposal as the cheapest broadband blockchain. Standard Charterd has recognized that the modular design of Ethereum, which separates the availability of data, execution and consensus, allowed it to extend more effectively while preserving decentralization:
“The modular approach allows Ethereum to scale up the low-cost transactions (post-denun upgrade) while retaining the safety benefits of a highly decentralized mainly decentralized blockchain.”
Review: The same is DED – but Solana “100x better” despite the income dive
