Solana is a solid blockchain with impressive speed and low transaction costs, making it a strong competitor to Ethereum for DeFi, NFTs, and general dApp development. Its unique proof-of-history (PoH) consensus mechanism allows it to process thousands of transactions per second, which is a major advantage over many other blockchains.
That said, Solana has had issues with network stability, experiencing multiple outages in the past. While the team has been improving its reliability, these disruptions raise concerns about long-term scalability.
From an investment perspective, Solana has a strong community and ecosystem, and it has bounced back well from setbacks like the FTX collapse. However, its centralized validator structure (compared to Ethereum) is something to consider if decentralization is a priority for you.
