According to expert forecasts, Solana is poised to take the lead in the world of decentralized applications (dapps), surpassing even giants like Ethereum.
As reported by Cointelegraph, Solana currently boasts 1668 consumer dapps in its blockchain, while its main competitor trails behind at 477.
This impressive growth hasn’t gone unnoticed, with experts likening it to significant moments in Bitcoin’s history, akin to what happened with Mt.Gox. But this is just the beginning.
Particular attention has been drawn to the blockchain glitches experienced by Solana, which occurred prior to a major transfer of funds from pension funds. This event could be seen as a sign of major institutional players approaching this platform.
Although Ethereum still significantly outpaces Solana in the total value locked (TVL) in DeFi, the gap is beginning to narrow. Ethereum impresses with a sum of $49.7 billion, while Solana follows with $3.97 billion. However, in terms of the number of protocols, the difference between them is already less significant: 1002 versus 577.
And this is just the beginning! In a recent example of victory, decentralized exchanges based on Solana confidently captured about half of the market in daily trading volume. So keep your eyes peeled, as there are many exciting developments ahead!