The crypto world is awash in “Ethereum killers”—projects that promise to disrupt the undisputed leader in blockchain applications. Such boasts can mostly be written off as a stunt to grab money and attention since, for now, there’s little evidence that Ethereum’s empire faces any serious threat. But in recent months, one would-be contender has gotten more traction than others: Solana.
Founded in March of 2020 by former Qualcomm executives, Solana opened its blockchain to the public early this year. Like others competing for Ethereum’s crown—including Polkadot, Dfinity, and Cardano—Solana claims to offer a faster and more efficient alternative. But the project has stood out for its rapid execution and ability to create buzz, which has led its SOL token to soar and blue chip investors to rush in this summer with $314 million in funding.
It’s too soon to say whether Solana will maintain this momentum or if it can become a serious rival to Ethereum. But it is possible to identify thr
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