Solana 🌞

Ethereum's only competitor in the battle for Web3 Domination

Solana is a Layer 1 Proof of Stake smart contract blockchain that launched in 2020. It is Ethereum’s main competitor and outshines it in many ways. Solana was developed for mass adoption from inception and is ready now while Ethereum has a roadmap to get there. Solana’s biggest advantage over Ethereum is speed and low cost of transactions (leveraging a Proof of History consensus mechanism), which make it great for payments. While Ethereum’s advantages are: longer history, larger developer base, community trust, flawless uptime, unrivalled security, 100x in 24h fees, and 100x Total Value Locked (TVL) in protocols. SOL is the underlying token of Solana that is akin to ETH for Ethereum. SOL is used for fees, governance, and staking. There are ~410M SOL in circulation and ~557M total supply. SOL’s market cap is 1/25th of ETH’s and price is down ~93% from all time highs in November 2021. SOL has an asymetric risk reward proposition and may have a place in the top blue chips alongside Bitcoin & Ethereum in powering the next layer of the internet (Web3).

In addition to my investment thesis and near-term catalysts (detailed below), check out these X threads for more information: 1, 2, 3. Furthermore, check out this video.

SOL can be purchased on most centralized and decentralized exchanges.