If you mean Solana (SOL) – one of the largest cryptocurrencies by market capitalization – the question 'why isn't it growing like others' can be broken down into several key reasons. Here are the main factors that may affect SOL's slowed growth compared to other cryptocurrencies:

---$SOL

🔹 1. Burst of previous euphoria

Solana experienced a massive rise from around $1 to over $250 between 2021 and 2022. Currently, many investors who bought high are still 'cutting losses' during rebounds – which may inhibit stronger gains (the so-called 'overhead supply' effect).

---$SOL

🔹 2. Technical problems in the past

Solana has been repeatedly criticized for:

Network downtime – block stops occurred every few months,

Centralization – early investments from large VC funds and low decentralization of nodes.

Although they improved the infrastructure (e.g., Firedancer, new client), trust has not fully returned.

---

🔹 3. Lack of 'hype' like with memecoins

In 2024-2025, massive growth was seen, for example:

PEPE, WIF, BONK – memecoins with a low barrier to entry,

ETH ETFs, BTC ETFs – institutional interest in Bitcoin and Ethereum.

Solana has not had a large, fresh catalyst comparable to these trends.

---

🔹 4. L1 competition

Solana competes with:

Ethereum (ETH),

Avalanche (AVAX),

Sui, Aptos (new L1s with similar technology),

and rollups on Ethereum (e.g., Arbitrum, Optimism).

Capital often 'jumps' between these ecosystems, depending on the season.

---

🔹 5. Some large investors have already cashed out

Early funds (like Alameda/FTX) had huge amounts of SOL. After the bankruptcy of FTX, some of these tokens hit the market, causing supply pressure.

---

🔹 6. Lack of an ETF or regulatory boost

Bitcoin and Ethereum benefit from privileges: ETF, greater institutional acceptance, the narrative as 'digital gold' or 'Web3 base'. Solana is more of a 'technological experiment' without official recognition from entities like the SEC.

---

🔸 In summary:

SOL has strong technological fundamentals and a developer community, but:

there is no 'media moment' right now,

still feels the effects of past issues,

and does not catch the biggest trends (like ETFs, memecoins).

$SOL