OG ETH crowd (who genuinely care about the future of crypto, not just their own bags or twitter engagement) will actually come around to appreciate SOL
now that tourists & predators have been washed out — only the real ones who want a better future will be left
ETH & SOL approach scaling much differently —but I don't see why that has to be a fighting point
the *real* problem is that crypto apps barely have PMF
it doesn't matter who can scale to handle the next billion users...if there's not a billion users who even want to use this
that is to say — EVM & SOL, while having some overlap — do ultimately enable different design spaces
we need to explore these design spaces relentlessly to maximize the number of possible applications with mass PMF
There's a lot of noise / negativity out there due to the market - it's easy to ignore some of the positive signs and signals behind the scenes.
Let's take a quick look at some promising SOL charts 📈
Users
Even though the price of SOL (and all crypto assets) have tanked - it's promising this hasn't resulted in a drastic loss of users.
With over a million active wallets - we're much better positioned for the next cycle.
Activity
- New NFTs are still being minted (and trending upwards)
- More money is being moved around using Solana rails
- Users still keep transacting with no massive downturns
Usage & activity are much more important than price
In actuality, it's almost always the *same* recurring problem.
Here is a short & simple explanation of what's happening (for non-technical people) and what it means for the future 🧵
1. SOL's software makes it easy for bots to spam/flood SOL validators.
2. When validators are spammed, they become overwhelmed and do their job (producing & verifying valid blocks) less effectively.
As a result, they're less likely to include your txns when producing new blocks
Since they're less likely to include your transactions - you can try to mint that NFT all you want, but the chances of it getting through to the chain are very low.
Bots send transactions much faster than you can manually click "mint" & "approve". It's a numbers game.
Probably the most well known explorer for Solana, you can check out the current TPS of the network, the live transaction count, the current block height and more.
- Validator Dashboards
If you want to get *a lot* more granular, you can check out a validator's Grafana dashboard (grafana.rbf.capital for example)
This includes very detailed TPS data, slot confirmation times, traffic, replay times, CPU/mem util and more.