Research Calls Solana the "Apple" of the Crypto Industry

A recent study suggests that Solana resembles the "Apple" of the cryptocurrency industry. This assertion is based on Solana's innovative approach in integrating hardware and software.

Solana's co-founder, Raj Gokal, often articulates Solana's vision as the "Apple of the crypto world." This highlights the ambition to innovate through software (operating systems, blockchain) as well as introducing new experiences by facilitating hardware sales (Saga Phone).

According to researchers at Four Pillars, the core strength of Solana lies in its network performance, supported by multi-threading for parallel processing.

Figure: Transaction speed comparison. Source: Four Pillars.

This advantage has attracted developers eager to explore Solana's potential in dApp development. Its ability to offer fast transactions at low costs makes it a promising competitor to Ethereum.

Another strength lies in community development and ecosystem. Initiatives such as airdropping BONK memecoins and other memecoin initiatives increase the number and activity on the Solana network. This can also foster community and trigger significant growth within the ecosystem.

Furthermore, various platforms within the Solana ecosystem such as Jito, Pyth Network, and Jupiter have provided airdrop allocations. Other projects within the ecosystem like Tensor, Marginfi, Zeta, Drift Protocol, Kamino, and Parcl have also disclosed plans related to airdrops.

Solana Attracts Institutional Interest

These developments have piqued institutional interest, with positive remarks from Ark Invest CEO, Cathie Wood, about Solana.

"Solana is making excellent progress. If you look at Ethereum, it used to be faster and cheaper than Bitcoin. Solana is faster and more cost-effective than Ethereum," said Wood.


In terms of market capitalization, Solana (SOL) ranks fourth among all existing crypto assets. This position strongly correlates with Apple, which also holds a top position in the US stock sector.

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