The Solana blockchain will overtake Ethereum in terms of consumer applications, Matty Taylor, the co-founder of Colosseum and former head of growth of the Solana Foundation, told Cointelegraph in an interview:
“Solana will continue, as shown over the last year, to outpace Ethereum in terms of getting consumer applications and end-user experiences to the level of Web3 in terms of utilizing the chain’s performance to create fast and user-friendly applications.” There are currently 1,668 decentralized applications on the Ethereum network, over three times more than the 477 on the Solana ecosystem, according toThe downfall of FTX and the following bear market was a crucible moment for the Solana ecosystem, which received more and more developers despite the falling price of the Solana currently stands at $49.7 billion, which is over 10 times bigger than Solana’s $4.01 billion TVL, according to DefiLlamaa significant outage on Feb.
While network outages are a negative sign for any ecosystem, blockchains pushing the limits of scalability will inevitably run into similar issues. Taylor told Cointelegraph: “I’m glad that’s happening now, rather than when the world’s pension funds are on blockchain. It’s unfortunate but these will have growing pains.”TradFi Wall Street firms pushing for Ether ETF approval, says former Binance Labs headWhy boomers ‘like’ AI pics on Facebook, mind-reading AI breakthrough: AI Eye
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