Here’s Why Everyone’s Getting So Dang Excited About Solana
TL;DR
Solana is telling a story of survival right now.
Developers choose a blockchain to build on, learn its language, and invest their time - all in the hopes of selling a product or service to its user base.
Which means developers want to be sure they're building on robust blockchains, that have proven they can survive, and thrive, over time.
Solana has done just that.
Full Story
A 100% price jump in under 30 days? That ain't bad!
But not every cryptocurrency that makes those kinds of gains receives as much attention as Solana is getting right now.
So why the particular fascination with Solana?
There're probably a bunch of reasons - but first and foremost, it's because:
Solana is telling a story of survival right now.
Or, if we wanted to make ourselves sound smarter than we are (which we do), we'd say it's all got to do with The Lindy Effect, which says:
The older something is, the longer it's likely to be around in the future.
The Lindy Effect holds particular weight in the crypto world, because most blockchains don't pay developers directly.
Instead, developers choose a blockchain to build on, learn its language, and invest their time - all in the hopes of selling a product or service to its user base.
Which means developers want to be sure they're building on robust blockchains, that have proven they can survive, and thrive, over time.
...and over the past year, Solana has been through it.
In a twelve month period, the chain saw:
Its price tumble ~75%
Its daily active user base drop from ~730k to 200k
Its largest NFT project jump ship to a competing chain
And $120M worth of tokens get tied up in the FTX bankruptcy...
But Solana is still here.
And developers are still choosing to build on it.
The more a project endures → the longer it's likely to be around in the future → the more excited the investing public gets about it.