"Users and developers have continued to flock to Solana, in part due to the fact that this network can handle thousands of transactions per second, at a fraction of the cost of competing networks. I'm of the view that these trends will continue to hold for the foreseeable future, though given the rate of innovation and technological development within the crypto sector, it's also entirely possible that a competing network begins to take market share over time."
"Strong Fundamentals Unlike stocks, which have key metrics such as cash flow and earnings investors can rely on to place a value on what those future cash flows (discounted to today) are worth, cryptocurrencies like Solana are often valued on a range of qualitative and quantitative metrics, some of which are harder to nail down than others. On the quantitative side, I think some of the most important metrics for investors to focus on are total value locked, user growth, and developer growth over time."
Solana is a high-throughput, low-fee layer-1 blockchain that supports decentralized finance and attracts users and developers. The network can process thousands of transactions per second at a fraction of competitor costs, driving adoption and ecosystem growth. Key on-chain metrics include total value locked (TVL), user growth, and developer growth. Solana's TVL reached a record above $12 billion in September even as SOL's price fell roughly 20% in recent months. Infrastructure scalability and developer activity underpin current momentum, though rapid innovation in the crypto sector means competing layer-1 networks could capture market share over time.
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