Is the ‘Ethereum Destroyer‘ Prepared for a Solana Winter After a Solana Summer?

<p>Many developers are dissatisfied with Ethereum. It's prohibitively expensive. It's far too slow. Alternatives are emerging. Some, like Cardano, have been around for a while. Others, such as Solana, are relatively new. This year, it's everyone's favourite.</p> <p>For the past few months, I've been looking for new blockchain projects to invest in. Polkadot (DOT) and Cardano (ADA) are already in my collection. Solana was recommended to me months ago. I should have paid attention. This year, it has increased by 12,000%. That's right, a twelfth of a percent. If you put $1 into Solana in December of last year, you'd have $12,000 today.</p> <p>I completely missed Solana Summer. I despise it when that happens. I'm curious if I should prepare for the Solana Winter.</p> <p>In a nutshell, Solana is a blockchain platform that enables developers to create new apps – whether for decentralised finance or the creation of non-fungible tokens. According to the company, it now has 1.3 million active accounts and has processed 38 billion transactions. As of November 7, they had locked in $15.23 billion in decentralised finance projects on Solana. Metaplex is the focal point of Solana's NFT market, with approximately $32 million traded in NFTs on a weekly basis.</p> <p>Solana's gift to the world of crypto "dapps" is that it is more scalable than Ethereum and has a lower "gas price." The ecosystem is exploding as a result of this cost basis. If Ethereum were a real gas station, inflation at the pump would be higher than – oh, never mind.</p> <p>I tried to contact Solana a few months ago, but I couldn't persuade them to talk about what's next. They were too preoccupied with preparing for their Breakpoint conference in Lisbon, which concluded on November 10.</p> <p>I spoke with some investors who are familiar with them, as well as some users, to determine whether I needed to spend $233 to purchase at least one SOL, given that I missed out on purchasing one for a buck and change last December. You have to despise it when that ha