Topic: Is Solana full of hype? - page 4. (Read 545 times)

I wouldn't say it is full of hype. I mean look at the amount of NFT deals are happening right now in the solana network, they are marvellous. People are now basically doing it for nearly free and that is how they make their money. Collections are made, trades are happening, I am most certain that the biggest NFT markets will eventually recognize SOL as the second biggest after ETH, instead of matic or something to circumvent that ETH gas fee situation.

So all in all I would have ot say that SOL is not hyped, it is used for something good, which is NFT world, it is not over and it is not guaranteed to be a success neither, but definitely not hyped. Something being hyped sounds like it is overrated or overvalued, I would have to say that it is not overvalued or overhyped, remember it also doesn't mean it will be 1k+ or something, I am just talking about today, not the future.

Solana is working  with one of the biggest VC in crypto which is Almeda research that is home for power house crypto project like FTX, Serum and Raydium. They have pretty high TPS which can rival to all known existing blockchain right now and finally the price is still low before they was known to the crypto community even they have the superb technology in there blockchain. It is not just hype but rather discovered.

Unless developers fix the underlying issues on the Solana blockchain, I wouldn't count on it as a serious long-term investment. Transaction confirmation times may be fast and fees may be ridiculously low, but security/reliability/decentralization is what matters above all else. People seem to be missing the real point of crypto/Blockchain tech. I don't blame them, since the vast majority of people aren't quite educated about this emerging tech. They're only following the hype, pouring money into what's hot at the moment. Convenience/ease-of-use goes on top of everything else, so there's that.

Whenever Solana will last or fade into oblivion, will depend on developer's efforts to keep it as secure and resilient as possible. Hype or not, it seems to me that Solana isn't going anywhere at least in the short term. Just my thoughts

I do, this blockchain is full with hype but there's no a lot of differences when it compared with L2 blockchain like BSC or polygon. The fact that if BSC and Polygon even better than SOL.


If that will be disrupting the ecosystem and that will be a disaster for SOL. People may feel so bad if the blockchain gets shutdown again and again. It's not about how it can be alive again but remember that people will be loosing their trust to the network. This will be also disrupting so many people that are using the blockchain at the same time. It seems like more than 1k validators that already stated on its site is a big BS.

It will if the blockchain is still facing the same problem over and over.

Can you expect a blockchain that eventually gets shutdown to survive for long term? I think you know the answer so well.

What happened in Solana is a natural thing because we are entering a bear market.  Because solana is still developing and the team is still active we can't say if solana is coming to an end. However, solana has the lag of other networks. I'm sure solana has a bright future as we watch the next bull.

I don't think it's hype. It was hyped for sure when the time of NFT's was so much more applied in the cryptocurrency space. I can't wait for the time to come that more NFTs would be in the SOL space. I think that's one of the reasons why it has increased in price so much. If the technical problems persist, then that's when it will start to collapse, but once it has been continuously repaired. No significant things happen where hacking or devaluing occurs; it's pretty good.

I don't think that SOL has is full of hype, I mean yeah it experienced a network disruption and yes it does really affected. But I guess it's part of the growing pains in crypto space, I mean they should learn their hard lessons on that downtime and it can't happen again as it has a drastic effect on the price itself.

The project looks solid, but as I have said, it has to go to a lot just like any other successful cryptos. It will not be a smooth sailing so they should be aware that there are going to be a lot of bumps in the road and they should face and resolved it.

Back in the day, Solana was one of those cryptocurrencies with a very low price, often overlooked by mainstream investors and traders alike. It's now the day where Solana is valued within the triple digits, positioned among the top 10 cryptocurrencies in market cap. 2021 was the year were SOL took off massively in price. While Solana's been extremely profitable to early investors, it has one major drawback. And that is the lack of decentralization, security, and reliability.

A few months ago, Solana experienced a network disruption which put almost everything down to a halt. Without a reliable blockchain network, how can people experience the full benefits of this revolutionary tech? Last time I've checked, developers were planning on introducing an "observation system" in order to "help identify issues and patch them accordingly". If implemented, Solana would become much more centralized than it is right now, greatly defeating the whole purpose of crypto/Blockchain tech. It would be no different than traditional banks. Yet, people keep pouring money like crazy into SOL as they're only focused on becoming rich quick. They don't care about decentralization, as convenience goes on top of everything else.

Do you think Solana is full of hype? If not, why? What will happen with SOL's price if network disruptions persist? Will it mark the end of Solana for good? Or will the blockchain network survive for a long time? Your input will be greatly appreciated. Thanks in advance.