Topic: Are solona ecosystem vs Binance Eco system (Read 173 times)
I personally prefer BSC, which many people have used to do Dapps on PancakeSwap because the transaction fees there are not too big and are still quite reasonable with the number of transactions there. However, if the smart contract in Solona can detect the existing scams, many users may switch to Solona.
I think the more important thing than fee of smart contract platform is the cycle of bull season because bull season will triggered the user of AMM will increasing. Although the fee of Solana is near zero with highest TPS, but if the trend of market on bearish, the price will down and many user will left the market. Solana blockchain can be solution for high fee transaction and network congestion but this project and need long time to be top of smart contract platform because BSC and ETH also keep on development to be better.
Projects will always give you cheap transaction fee when their networks are new and don't have too many transactions need to handle.Do you know details on how Solana pick transactions from mempool to confirm and how transaction fees on Solana network will be calculated?
If the network does not have algorithm to prevent fee skyrocketting with demand, fees will be changed from cheap to expensive. When demand for transactions is bigger and price of coin is higher.
Transaction fee at 0.01 BTC or 0.01 ETH was very cheap a few years ago but nowadays 0.01 BTC or ETH is very expensive.
I think the more important thing than fee of smart contract platform is the cycle of bull season because bull season will triggered the user of AMM will increasing. Although the fee of Solana is near zero with highest TPS, but if the trend of market on bearish, the price will down and many user will left the market. Solana blockchain can be solution for high fee transaction and network congestion but this project and need long time to be top of smart contract platform because BSC and ETH also keep on development to be better.
As far as I can say, Solana is a good blockchain. It's backed up by FTX, also a good exchange. Solana ecosystem is growing rapidly. But to say Solana will surpass Binance Smart Chain is uncertain. The only downside of Solana is inconvenience. Using Solana, you have to create a purely new wallet that is generally called "Sollet", while you can use a same wallet address for ETH, BSC and Matic on Metamask. Low fee is just a thing but it won't make a lot of sense regretting a fraction of dollar per trade when switching from Pancake to Raydium.
in the future, solona may become big or it will be left behind like Tron and eos from using its blockchain. it all depends on how the team can develop their platform and technology to always be up to date or just take advantage of the hype.
Solana will not be stagnant like Tron because the FTX exchange will help Solana grows bigger. It is not easy but FTX and Solana will be able to achieve it.Quote
The advantage of BSC is that it is present in a favorable situation and also supports the major exchange platforms. BSC is Binance's best innovation to date.
Binance does not innovate anything. Binance Smart Chain is a copy from Ethereum with some modifications from Binance. The Binance Smart Chain has less than 100 validators and it is a centralized chain. Ethereum chain is more decentralized with thousands of validators.FTX is good enough but you know how the biggest adoption is also currently with BSC. the reason is very simple, apart from the same low cost. they can see how exchanges like pancakes and others support BSC tokens. it makes BSC on the cloud leading the development of the blockchain market which is getting a lot of adoption of their smart chain usage.
It was Ethereum some times back and now it's BSC that have taken token market with a strom, specially with it's Defis. A lot of new prominent defi are coming in BSC network and more and more volume are being locked in BSC network as wrapped token or on farms and pools or liquidity. They are also assisting defi with security audits and improvement and the defi market is growing at a much larger pace. Which would also make path for new projects and platform as people are finding BSC transaction fees already higher.
i was doing a research on solana eco system. There AMM and Exchanges etc.
My conclusion is
ETH Network is very high fees so Binance smart chain came popular very quickly. There AMM Pancake and Bake performed tremendous gains. Fees and Speed are the two factors more consider.
Solana also a Very attractive TPS and Fees there.They are building there eco system rapidly. But i believe that why people by passing the Binance eco system and move to the Solana..
Binance is the no 1 Crypto exchange and there fully backing the Binance smart chain . So confidence there than solana. Solana still on Beta version.
Give a reason Why a Investor go Raydium AMM by passing the PANCAKE AMM?
lets discuss these areas deeply
Market trends not depend on a single coin. I think now trand is selona personally I have invested on selona I have researched about selona then I saw Selena will take a good position as soon as possible. My conclusion is
ETH Network is very high fees so Binance smart chain came popular very quickly. There AMM Pancake and Bake performed tremendous gains. Fees and Speed are the two factors more consider.
Solana also a Very attractive TPS and Fees there.They are building there eco system rapidly. But i believe that why people by passing the Binance eco system and move to the Solana..
Binance is the no 1 Crypto exchange and there fully backing the Binance smart chain . So confidence there than solana. Solana still on Beta version.
Give a reason Why a Investor go Raydium AMM by passing the PANCAKE AMM?
lets discuss these areas deeply
in the future, solona may become big or it will be left behind like Tron and eos from using its blockchain. it all depends on how the team can develop their platform and technology to always be up to date or just take advantage of the hype.
Solana will not be stagnant like Tron because the FTX exchange will help Solana grows bigger. It is not easy but FTX and Solana will be able to achieve it.Quote
The advantage of BSC is that it is present in a favorable situation and also supports the major exchange platforms. BSC is Binance's best innovation to date.
Binance does not innovate anything. Binance Smart Chain is a copy from Ethereum with some modifications from Binance. The Binance Smart Chain has less than 100 validators and it is a centralized chain. Ethereum chain is more decentralized with thousands of validators.Ethereum wins with it's headstart, larger decentralized and volunteer community as well as tested and improved blockchain. BSC network comes with the backing of the largest centralized exchange and a compatibility with Ethereum blockchain while platform like solona has to start from scratch. Even something with cheap fees and fast transaction like tron and eos has fallen behind of the new BSC chain.
in the future, solona may become big or it will be left behind like Tron and eos from using its blockchain. it all depends on how the team can develop their platform and technology to always be up to date or just take advantage of the hype.The advantage of BSC is that it is present in a favorable situation and also supports the major exchange platforms. BSC is Binance's best innovation to date.
ETH Network is very high fees so Binance smart chain came popular very quickly. There AMM Pancake and Bake performed tremendous gains. Fees and Speed are the two factors more consider.
Solana also a Very attractive TPS and Fees there.They are building there eco system rapidly. But i believe that why people by passing the Binance eco system and move to the Solana..
Binance is the no 1 Crypto exchange and there fully backing the Binance smart chain
Ethereum problems with fee will be solved with Ethereum 2.0. Recent weeks, the gas price on Ethereum network is cheap and very good to use.Solana also a Very attractive TPS and Fees there.They are building there eco system rapidly. But i believe that why people by passing the Binance eco system and move to the Solana..
Binance is the no 1 Crypto exchange and there fully backing the Binance smart chain
ERC20 chain, Binance Smart Chain and Solana will co exist and none of them will disappear or be killed by the others. Do you know Solana has good support from FTX that is a very good exchange?
Binance Smart Chain has Binance, Solana has FTX behind. They are all good and give crypto users more choices. They won't be restricted with Ethereum and ERC20 chain.
Just try to take a look at the fact https://pancakeswap.info/home
Pancakeswap can not control scam projects too. It is a DeFi swap but has same failure as Ethereum. Scam projects are abundantly on Pancakeswap. 
Ethereum wins with it's headstart, larger decentralized and volunteer community as well as tested and improved blockchain. BSC network comes with the backing of the largest centralized exchange and a compatibility with Ethereum blockchain while platform like solona has to start from scratch. Even something with cheap fees and fast transaction like tron and eos has fallen behind of the new BSC chain.
It's easy to understand really. Since Solana is getting so much attention and hype, people are hoping it will skyrocket in price and give them tremendous gains.
Besides, the 1st ones to lock solana will surely profit. It's hard to compete to pancake on bsc atm, and solana is free game
of course BSC and SOL games I think will be led by BSC.Besides, the 1st ones to lock solana will surely profit. It's hard to compete to pancake on bsc atm, and solana is free game
however, we see many also getting something free from BSC, as well as Solona. they are growing fast based on the hype their community created in the market. they get immediate support. but the overall adoption of the project will remain the property of the BSC. they have a more solid exchange.
Solana also a Very attractive TPS and Fees there.They are building there eco system rapidly. But i believe that why people by passing the Binance eco system and move to the Solana..
Binance is the no 1 Crypto exchange and there fully backing the Binance smart chain . So confidence there than solana. Solana still on Beta version.
It's obviously because of the current hype of solana as crypto market had trends/hypes time to time. First we see BSC hype, than matic hype (though polygon/matic hype isn't finished yet) and now solana hype is going on. Binance is the no 1 Crypto exchange and there fully backing the Binance smart chain . So confidence there than solana. Solana still on Beta version.
Though binance is still the number 1 crypto exchange, but they won't be on top position forever and FTX is now becoming the best compitator of Binance and slowly they're growing to be the number one. If you think why i take the name of FTX exchange, it's because of solana as solana is indirectly backed by FTX.
i was doing a research on solana eco system. There AMM and Exchanges etc.
My conclusion is
ETH Network is very high fees so Binance smart chain came popular very quickly. There AMM Pancake and Bake performed tremendous gains. Fees and Speed are the two factors more consider.
Solana also a Very attractive TPS and Fees there.They are building there eco system rapidly. But i believe that why people by passing the Binance eco system and move to the Solana..
Binance is the no 1 Crypto exchange and there fully backing the Binance smart chain . So confidence there than solana. Solana still on Beta version.
Give a reason Why a Investor go Raydium AMM by passing the PANCAKE AMM?
lets discuss these areas deeply
My conclusion is
ETH Network is very high fees so Binance smart chain came popular very quickly. There AMM Pancake and Bake performed tremendous gains. Fees and Speed are the two factors more consider.
Solana also a Very attractive TPS and Fees there.They are building there eco system rapidly. But i believe that why people by passing the Binance eco system and move to the Solana..
Binance is the no 1 Crypto exchange and there fully backing the Binance smart chain . So confidence there than solana. Solana still on Beta version.
Give a reason Why a Investor go Raydium AMM by passing the PANCAKE AMM?
lets discuss these areas deeply
It's easy to understand really. Since Solana is getting so much attention and hype, people are hoping it will skyrocket in price and give them tremendous gains.
Besides, the 1st ones to lock solana will surely profit. It's hard to compete to pancake on bsc atm, and solana is free game
i was doing a research on solana eco system. There AMM and Exchanges etc.
My conclusion is
ETH Network is very high fees so Binance smart chain came popular very quickly. There AMM Pancake and Bake performed tremendous gains. Fees and Speed are the two factors more consider.
Solana also a Very attractive TPS and Fees there.They are building there eco system rapidly. But i believe that why people by passing the Binance eco system and move to the Solana..
Binance is the no 1 Crypto exchange and there fully backing the Binance smart chain . So confidence there than solana. Solana still on Beta version.
Give a reason Why a Investor go Raydium AMM by passing the PANCAKE AMM?
lets discuss these areas deeply
You are very much mistaken in your research.My conclusion is
ETH Network is very high fees so Binance smart chain came popular very quickly. There AMM Pancake and Bake performed tremendous gains. Fees and Speed are the two factors more consider.
Solana also a Very attractive TPS and Fees there.They are building there eco system rapidly. But i believe that why people by passing the Binance eco system and move to the Solana..
Binance is the no 1 Crypto exchange and there fully backing the Binance smart chain . So confidence there than solana. Solana still on Beta version.
Give a reason Why a Investor go Raydium AMM by passing the PANCAKE AMM?
lets discuss these areas deeply
Ethereum fees are very cheap right now, but he would rather choose Binance Smart Chain or Polygon (L2 Ethereum solution)
https://dappradar.com/rankings/protocol/polygon
Liquidity in the Ethereum ecosystem and Binance Smart Chain is far superior to any competition, and the Binance Bridge provides this opportunity.
What happens when Binance Bridge closes? You will have to fulfill all the requirements of the binance exchange to withdraw coins from their centralized ecosystem. It will be a big circus.
The sudden decrease of fees in the Ethereum network has been ignored but it's a fact that shouldn't be ignored. I only see Solana as another aspiring coin and didn't know that it also has its own chain and network that's competing with the best chains that we've got.
BSC gained traction and it became popular because of Ethereum's high fee and that's also the reason why some other promising chains got out. But what if most of the people and projects have already an idea that Eth's fee is back and now cheaper again. I think there will be many projects again that will consider Eth's smart contract.
BSC gained traction and it became popular because of Ethereum's high fee and that's also the reason why some other promising chains got out. But what if most of the people and projects have already an idea that Eth's fee is back and now cheaper again. I think there will be many projects again that will consider Eth's smart contract.
Solana ecosystem is just starting to growing in this bull market but I dont see yet the tokens that built on Solana blockchain increasing multiple times just like Pancake swap. Solana is new project and in this bull cycle will difficult to overtake BSC. Maybe Solana have possibility to surpass others smart contract platform in the long term or another bull cycle. Currently only Solana that offer high TPS up to 50,000 with nearly zero transaction cost, this is strong fundamental in crypto space that will trigger alot of user to join in.
It sounds strange to me when you were saying solana ecosystem was unbeatable because the fact is saying the opposite things. So many demands were going to the BSC and these people didn't even think to use solana.
The investor has no reason to go to the raydium AMM rather than pancake AMM
Just try to take a look at the fact https://pancakeswap.info/home
The investor has no reason to go to the raydium AMM rather than pancake AMM
Just try to take a look at the fact https://pancakeswap.info/home
Raydium is hard to beat Pancake as it's a new AMM built on Solana.
People are more familiar with the use of BSC as it closely resembles the Ethereum wallet.
Pancake beat Uniswap because of its low transaction costs and high profits. But Raydium can hardly beat Pancake just because of the transaction cost characteristics because it is not so much different as to be absurd like ETH compared to BSC.
I suppose if Raydium can beat Pancake if it is more profitable and Solana Ecosystem is better promoted.
People are more familiar with the use of BSC as it closely resembles the Ethereum wallet.
Pancake beat Uniswap because of its low transaction costs and high profits. But Raydium can hardly beat Pancake just because of the transaction cost characteristics because it is not so much different as to be absurd like ETH compared to BSC.
I suppose if Raydium can beat Pancake if it is more profitable and Solana Ecosystem is better promoted.
~ Give a reason Why a Investor go Raydium AMM by passing the PANCAKE AMM?
Profit.Fees are basically non-existent and speed isn't a real issue on both platforms that's why it will all come down to the projects listed on each platform that will give these investors (but more like speculators) a better profit.
I also don't think investors would completely leave one for the other.
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