In a brand new report, U.S. hedge fund Pantera Capital positions Solana because the “Mac OS” of blockchain, with its improvement technique and potential influence just like Apple’s well-known working system. The report, authored by Franklin Bi, Cosmo Jiang and Eric Wallach, supplies an in-depth take a look at the structural dynamics and strategic positioning of blockchain inside the expertise business.
The report begins by addressing a standard query in regards to the future prospects of blockchain expertise: “What number of blockchains should exist?” Quite than specializing in numbers, the Pantera crew affords a distinct perspective: “To appreciate the total potential of this expertise, What’s the minimal variety of blockchains wanted?” This strategy goals to know the elemental traits that permit sure blockchains to dominate the market.
That is strongly just like technological oligarchy in historical past. “Traditionally, developer-facing expertise has been concentrated round a small variety of dominant gamers – usually an oligopoly of two or three, every with a novel strategy to catering to totally different developer preferences.” It attracts on the project Examples of system, console, and cell platform evolution to foretell an analogous trajectory for blockchain.
Why Solana stands out
The Pantera Capital crew mentioned that Solana is changing into a powerful competitor within the blockchain discipline, similar to Apple through the rise of private computing. “This shift is harking back to Microsoft’s early dominance of the desktop market till Apple broke by with its vertically built-in strategy,” the report states. This implies Solana’s integration and general structure might give it an analogous aggressive benefit. .
The report particulars the numerous advantages of the SOL structure. First, Solana’s cohesive blockchain design avoids the complexity of bridging a number of chains, simplifying improvement and person interplay.
By controlling your entire stack, initiatives can rapidly iterate and implement upgrades, a key think about a fast-paced blockchain atmosphere. Third, lowered reliance on exterior parts and a simplified structure cut back potential failure factors and improve the general stability and safety of the platform.
The authors additionally spotlight particular purposes that show Solana’s capabilities and its influence on builders and finish customers. DRiP is a free collectibles distribution platform that exemplifies how Solana’s excessive throughput and low transaction prices can facilitate large-scale, cost-effective distribution of NFTs.
Likewise, Hivemapper leverages Solana’s effectivity to course of massive quantities of geographic knowledge collected from drones and dashcams, offering an prompt, decentralized mapping answer that might problem present companies like Google Maps.
The report additionally highlights the blockchain’s development metrics: “Solana’s distinctive energetic tackle surge […] The spectacular development in person exercise on the platform is additional supported by knowledge on transaction charges and decentralized transaction quantity surging, indicating sturdy and rising demand for SOL’s merchandise.
In concluding the evaluation, the Pantera crew expressed sturdy confidence in Solana’s future trajectory. They predict: “As extra builders notice the benefits of constructing on Solana, we anticipate to see an increasing number of progressive initiatives leveraging its high-performance blockchain.” Sturdy developer ecosystem and This sentiment is strengthened by a vibrant neighborhood, which is seen as key to outperforming opponents and reaching continued development and relevance.
At press time, SOL was buying and selling at $123.90.
Featured picture from Bitget, chart from TradingView.com
