Coinbase, the leading US cryptocurrency exchange, wither (SOL) network is set to become one of the strongest layer-1 blockchain projects.
coinbase The new analysis by A.D. believes that Solana could be one of Ethereum’s strongest contenders among layer-1 networks that compete fiercely for capital and users.
“Tier-1 blockchains are currently competing to get as much share as possible from a growing pool of shared capital and users. While the intensity of this competition is less evident amid an ongoing bear market, Solana has managed to capture a surprisingly strong share since its inception, and the ecosystem is appropriately focused on leveraging its technological advantages.”
Koinfinans.com As we have reported, Coinbase is in favor of Solana’s market sentiment. FTX He stated that it had a setback with its collapse, but that the smart contract platform will eventually bounce back due to the “relative strength of the ecosystem.”
“However, the Solana protocol’s core value proposition remains from a technical standpoint. Solana, a blockchain optimized for high throughput, low costs, and native scalability, represents a differentiated approach in the layer-1 environment. Given the relative strength of the ecosystem in terms of current network activity (e.g. transactions, users, development), we believe Solana is well positioned to reassert itself as a true tier-1 competitor.”
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