why is solana called ethereum killer
The primary and outstanding justification for this could be the elements that Solana(SOL) is delivering. Also distinguishable from Ethereum, Solana(SOL) is both a Proof-of-Stake (POS) and Proof-of Work blockchain, and it is more eco friendly.
SOLANA(SOL) is an open-source project specifically built to host decentralized applications and has progressed in popularity by providing great things to crypto traders.
The ethereum blockchain has been
powerless to offer those faster
performances with the lowest
transaction fees so far. Crypto
traders are now shifting towards
The investment in DeFi, Non-Fungible Tokens/NFT, and others are rapidly growing. We can say that Solana (SOL) is more endurable in the cryptocurrency market.
Facts about Solana:
SOL’s DeFi projects have now crossed over $3 billion this year and are gradually increasing. Moreover, comparatively there are more Solana-based projects (350+) than Ethereum ( 215 projects). This statement is perhaps the reason why SOL has the potential to become the most extensive killer of Ethereum. It is approximately 3800 times faster than Ethereum with a drastic ‘Pocket Friendly’ cost, i.e., $0.00025 per transaction. Ethereum’s cost can range between$10-$65, which is a huge difference.
