Solana is currently a blockchain ecosystem consumed with an even increased activity and market speculation.
The technical advantages of the platform, including the purpose of the subseconds and the low transaction costs, attracted a wave of speculative projects, which caused comparisons with the BNB chain, which has experienced a similar trajectory during The samecoin boom.
Solana tokens led to high frequency negotiation activity, echoing the first days of the BNB chain when low costs and binance infrastructure fueled the rapid adoption of retail.
The BNB chain, which has increased in 2021, capitalized on low transaction costs and high integration with binance. Projects such as Safemoon and Baby Dogecoin have aroused the interest of retail, which finally led to criticism of scams, carpet prints and unsustainable token.
Dexes like Pancakeswap have been filled with mecoins and scam tokens while the low monetary cost of scam attempts has become an opportunity for criminals.
Although the BNB chain has experienced a resurgence this year with viral tokens such as broccoli and test, its renewed activity has not entirely dissipated the reputation of the platform, which is mainly motivated by speculative trading. In addition, the renewal of the BNB chain depends on the copy of the pump strategy.
Solana, like the new BNB
Solana’s evolution reflects some of these challenges. The ultra-low costs of the platform initially offered a strong incentive to traders, but the instability of the network under a high load has since eroded market confidence.
Data from mid-February show that Solana’s active addresses increased from 18.5 million to 8.4 million, and DEX daily volumes increased from $ 2.4 billion to $ 2.4 billion. The BNB channel has seen a new cost activity motivated by a renewal of the same interest in the same, but it is already starting to decrease. These figures indicate that under tension networks, where speculative trading can be done at the expense of a wider application utility.
Dom Harz, co-founder of Bob (Build on Bitcoin), said Cryptoslate,,
“We cannot deny the wide appeal of coins, but after a few high-level problems, maybe the frenzy of the same may have started to cool a little.
The accusation of Rug-Pull this week surrounding the Argentine president, the $ Balance token by Javier Milei, as well as previous controversies like $ Trump by Donald Trump, $ Melania and $ Barron and Hawk Tuah Girl $ Hawk, may have be made of serious damage to the same Bullrun. “”
BNB TVL PEAK exceeded $ 20 billion in 2021, but has since dropped around $ 5 billion.
Solana TVL also culminated at around $ 10 billion in 2021 before reaching a new summit of all time of approximately $ 12 billion at the start of 2025. It has since fallen at $ 8 billion, while the price Soil is down more than 40%.
The feelings of the developers on the two channels was also affected. According to data from Defilma, BNB and Solana experienced a spectacular drop in contributions from basic developers. In November 2021, Solana had more than 160 basic developers, the figures now showing less than ten. The BNB channel reflects this, with a comparable fall from 115 to only 16.
The institutional interest in Solana decreased after a very publicized collapse of a same – Libra – which has erased billions of goods in a few hours in the midst of initiate negotiation allegations.
Samecoin hellscape on Solana
The co-founder of Solana Labs, Anatoly Yakovenko, recognized the serious challenges, describing the ecosystem as a “hellish landscape” requiring fair launch solutions without authorization. This feeling contrasts with the approach of the BNB chain, which saw a more measured embrace of speculative tokens despite the periodic reverse. However, the BNB channel has remained indifferent to American regulations, focusing on the rest of the world, while Solana seems more interested in the acceptance of the United States.
The President of the United States launching same underlying utility for himself and his family on Solana, even seems to be the fruit low. However, how long before the fruits could and Solana’s reputation is closer to the same than advanced blockchain technology?
The parallel between Solana and the BNB chain lies in this tension between the growth caused by the frenzy of the same and the quest for lasting utility. Solana faces the need to balance the buzz on the market with a commitment to the resilience of long -term networks.
Once, Solana was considered a real competitor of Ethereum, the saga phones pushing mass adoption and the technical capacities promising an elegant implementation of web3 for non -cripto natives. However, Zeitgeist has become dominated by same, which, although some say will bring new users in space, the history of the BNB channel tells a different story.
When was the last time that a project based on advanced fundamentals was launched on BNB, arousing the big bull’s titles? I would say that a pump clone.Fun on BNB does not count.
Samecoins is the PVP game, where each merchant hopes not to be the liquidity of exit from others. Although I have nothing against the responsible and enlightened game, so Solana wants to be a chain of games or a chain of games that brings the 1 billion True Users following?
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