Why Solana is not a great investment or it is near to a coin that you should stay away. Here are some proofs :-
1. Solana is the most used blockchain but why? Due to of people farming airdrops on the chain apart from it no one is using in real life.
2. Ftx hold $4.2 billion solana worth of price, in future when Ftx will sell these coin it will dump harder then other coins.
3. Solana network has gone down 11 times in 2 years, but why? huge activity on the network lead to network outrage.
4. Solana is said to be Eth killer, wtf u idiot peoples, here is the proof = Eth has $39.571 billion TVL(total value locked) whereas Sol has only $1.869 billion TVL. People staked more money in Eth then Sol as they believe it in the most.
5. Low fess are good for the users but not for the blockchain, Eth earns $4.7 million per day whereas Sol collects only $10k. if business is not earning enough money then how it will grow??
So if you buy Eth over Sol, i bet u will be more secure and profitable.
Everything i have posted here has a proof so dont come to me saying that you are an a idiot, just research it on your own and wake up to reality.
Links that you can check for proofs :-
https://defillama.com/fees
https://www.ccn.com/news/solana-outage-decentralization-software-bug-concerns/
https://defillama.com/chain/Solana
https://www.coindesk.com/business/2023/12/15/solana-rally-sees-ftxs-holdings-grow-to-33b-setting-claims-market-on-fire/
