Solana Under Scrutiny: Cardano Criticism and Snorter Token Prospects
In the blockchain space, Solana's adoption is facing scrutiny, with Cardano SPO Dave arguing that bots inflate the network's transaction count. However, supporters counter that even after filtering out failed transactions, Solana's performance remains impressive. With more $SOL ETFs entering the market, Solana is gaining institutional confidence globally, providing a significant boost for projects like Snorter Token ($SNORT).
Key Points
- Transaction Inflation: Cardano's Dave criticizes Solana's low fees leading to excessive bot transactions.
- Solana's Strengths: Even after excluding failed transactions, Solana's throughput remains robust.
- ETF Momentum: The launch of more Solana ETFs is enhancing its market legitimacy.
- Snorter Token Outlook: Snorter Token plans to launch a trading bot on Solana, leveraging its low fees and speed to attract investors.
- Market Expansion: Snorter Bot will support multiple chains, offering broader trading opportunities.
In-Depth Analysis
In a recent social media post, Dave questioned Solana's transaction stats, labeling them as “pure vanity.” He pointed out that a single bot executed nearly 11 million transactions in just 30 days, with 99.95% failing, increasing the network's burden. However, supporters argue that Solana’s processing capacity remains superior, especially after the recent expansion of block size, further enhancing its scalability.Cyber Capital’s Justin Bons also rebutted claims of “fake usage,” emphasizing that even without failed transactions, Solana leads in actual transaction capacity. Additionally, Astana International Exchange recently listed a Solana ETF with staking, marking a significant milestone for Solana's global recognition.
Market Impact
The ongoing developments within Solana and the growing institutional confidence are creating a favorable environment for Snorter Token's launch. Snorter Token's trading bot will operate on Solana, benefiting from its low transaction fees (just 0.85%) and an average speed of 923 tps, positioning it strongly against competitors. Compared to Ethereum, Solana's speed is 546 times faster, enhancing the efficiency of trade executions.Register via Binance registration link, or enter the code YAOQING88888 to enjoy a permanent 20% trading fee rebate and enhance your investment journey!