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Home web3.0 The Rise of Solana: Can it maintain its advantages of high-speed blockchain?

The Rise of Solana: Can it maintain its advantages of high-speed blockchain?

Jul 10, 2025 pm 07:57 PM
Blockchain tool cryptocurrency Ethereum Solana Solana market capitalization Ethereum 2.0

Can Solana continue to lead the next generation of blockchain? With the innovative consensus mechanism of "Proof of History (PoH) Proof of Stake (PoS)", Solana has achieved a transaction throughput of up to 65,000 TPS, significantly improving performance; at the same time, it attracts the implementation of diverse projects such as DeFi, NFT and GameFi through incentive plans, such as Serum, Raydium and Magic Eden, to promote rapid ecological expansion; however, its network has repeatedly been interrupted due to congestion or failures, exposing stability issues under high loads; in addition, the high threshold for verification nodes has led to insufficient decentralization, which has caused the community to worry; in the face of competition in high-performance chains such as Avalanche and Polygon, as well as the pressure brought by the upgrade of Ethereum 2.0, Solana still needs to cope with the challenges of stricter global supervision, and must balance compliance and innovation in order to consolidate its market position and achieve sustainable development.

The Rise of Solana: Can it maintain its advantages of high-speed blockchain? - php Chinese

1. Why Solana "thunderstormed" in the ground: Technological innovation and ecological expansion

Solana's rise is no accident, its core lies in its unique technical architecture. It adopts an innovative consensus mechanism called "Proof of History (PoH)" and combines the Proof of Stake (PoS) algorithm to greatly improve transaction processing speed. This mechanism allows the network to achieve throughput of tens of thousands of transactions per second without sacrificing the degree of decentralization, far exceeding its competitors during the same period. For example, according to the official Solana website, its theoretical throughput can reach up to 65,000 TPS. This high performance provides the ideal infrastructure for a variety of high-frequency applications.

In addition to its technological advantages, Solana is also actively expanding its ecosystem. By launching various incentive programs and development tools, a large number of projects have been attracted to deploy on their chains. From early decentralized finance (DeFi) protocols such as Serum and Raydium, to the popular non-fungible token (NFT) markets in recent years, such as Magic Eden (magiceden.io), and blockchain-based games (GameFi), Solana's ecosystem is showing a trend of diversification and rapid growth. This rich application scenario further consolidates its user base and network effect.

2. The shadow behind the light of performance: network stability and decentralization considerations

Although Solana is proud of its outstanding performance, network stability has always been a serious test for it. Solana network has experienced several prolonged disruptions or performance degradation over the past few years, which has greatly affected user experience and developer confidence. These interruptions are often caused by network congestion or technical failures, exposing their vulnerability under high load conditions. For example, when a large number of users conduct centralized transactions or deploy new projects, the network sometimes experiences "stuttering" or even stops responding. This undoubtedly raises doubts about its ability as an enterprise-level or large-scale application platform.

In addition, discussions on the degree of decentralization have never stopped. The threshold for verification nodes initially adopted by Solana is relatively high, making the number of early nodes relatively concentrated. Although the official is actively promoting the increase in the number of nodes and the decentralization process, compared with old public chains such as Ethereum, the community's concerns about its degree of decentralization still exist. In addition to high performance, a healthy blockchain ecosystem requires strong censorship resistance and decentralized guarantees to ensure its long-term and stable operation.

The Rise of Solana: Can it maintain its advantages of high-speed blockchain? - php Chinese

3. Challenges and opportunities under the competitive landscape: regulation and market position

In the current competitive blockchain market, Solana faces more than just technology and internal governance. Competition from other emerging public chains is growing, and they are also committed to providing high-performance and low-cost solutions. For example, platforms such as Avalanche and Polygon are constantly optimizing themselves to compete for market share. At the same time, the upgrade of Ethereum 2.0 (or "merger") has also significantly improved its performance, posing direct competitive pressure on Solana.

Changes in the regulatory environment are also important issues that Solana must face. As the regulatory framework for crypto assets is gradually improved around the world, compliance has become an issue that all blockchain platforms cannot avoid. Solana needs to actively work with regulators to ensure that projects within its ecosystem comply with relevant regulatory requirements to avoid potential legal risks. In this context, whether we can actively embrace supervision while maintaining innovation vitality will become a key factor in whether Solana can maintain its rapid development advantages and stand out in the competition.

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