#SolanaSurge

Solana is a high-speed, low-cost blockchain founded in 2017 by Anatoly Yakovenko, along with Greg Fitzgerald and Eric Williams. Its goal was to solve the scalability issues of blockchains like Ethereum, offering fast and economical transactions.

Keys to its Emergence:

1.Innovative Technology:

- Uses the Proof of History (PoH) consensus, which orders transactions before validating them, combined with Proof of Stake (PoS) for greater efficiency.

- Supports up to 65,000 transactions per second (TPS) with minimal fees.

2. Growth in 2020-2021:

- Launch of its mainnet in 2020, gaining attention during the DeFi and NFT "boom."

- Projects like Serum (DEX) and Solana NFT (such as Degenerate Ape Academy) boosted its ecosystem.

3.Support from Major Investors:

- Backed by funds like Andreessen Horowitz (a16z) and FTX (before its collapse in 2022).

4.Resilience after Crisis:

- Despite network outages and the FTX scandal (whose sister company, Alameda, was a major holder of SOL), Solana recovered in 2023-2024 with new projects and adoption.

5.Focus on Real Scalability:

- Attracted developers and users tired of high fees on Ethereum.

Today, Solana is one of the most important blockchains, competing with Ethereum and other fast networks like BNB Chain and Avalanche. Its community and technology keep it relevant in the crypto world.