The reputation of the Solana Network was heavily affected after the Libra scandal. The token was promoted by Argentine President Javier Mairei.
As reported by Cryptonotics, the assets launched on February 14 were presented as projects to promote the growth of technology companies in the country, but over time, over time, Its usefulness was found to be invalid and qualify as a memo coin.
Additionally, the Libra launch was full of sales irregularities that promoted prices to 3,000%, but prices collapsed when insiders profited and retracted liquidity. That’s why many people consider it a scam.
This fact revived debate about the sustainability and reliability of memecoin, leaving the eyes of Solana, who won the nickname “Casino Dememecoin.”
During this upsetting 2025, the issues that arise are: Can Solana get that nickname from the top?
For cryptocurrency market analyst Evan Dawe, the answer is yes.
As he explains in his latest report, Solana has “higher performance, lower rates, scalability” that positions him to be the leader in distributed applications (DAPPs) that can reach mass adoption.
To maintain his argument, the expert said, “Solana has become a market leader for key metrics, including the number of monthly active users, tariff revenue, daily trading volume, and more, including Ethereum, its Layer 2, and all other blockchain competitive chains.”
In the following graph, it is observed Solana has more daily transactions (green lines) compared to Etherum (Light Blue) and Fit, Avalanche, Cardano, etc.
I’ll update it midway
Dawe highlights what the ecosystem is trying to implement Shooter. This increases transaction processing power from 65,000 to 1 million transactions per second (TPS)as reported by Cryptonoticia.
“This improves network safety and reliability and reduces the risk of inertia. Shooting explains by integrating Solana as the fastest and most scalable network on the market, overcoming theoretical performance metrics of the right emerging network. He adds:
“Solana is ready to become the backbone of a decentralized economy.”
Evan Daw, cryptocurrency market analyst.
One of the main reasons why it strengthens Solana’s future perspective is the considerable number of developers it attracted. This has created an active and diverse ecosystem with many projects Decentralized Finance (defi), stablecoins, memecoins creation platform, actual asset tokens (RWA).
In his report, the author presents a map of the Solana ecosystem that highlights a variety of use cases.
However, despite Dawe’s optimism, 50% of Defi’s total block value (TVL) worth $46,288 million belongs to Ethereum, with Solana second at $6,809 million (7.5%).
TVL is an important metric for assessing the utility and adoption of blockchain. This is because it reflects the number of assets accumulated in Dapps and Defi protocols.
“Last year, Solana TVL won 67%, but most other chains like Ethereum, Avalanches and Cardano recorded a decline in TVL,” Dawe said.
Regarding stable currencies, the author points out: “Solana is at the forefront of this technology, with $120 million in stable coins being created on the platform, increasing 130% in the first quarter of 2025,” he notes.
The “frontline” affirmation is controversial, especially when compared to Solana with other networks such as Ethereum and Tron, which use stubcoins significantly.
According to data from Defilama, the market capitalization of the stable currency is $221,326 million; $125,000 million is circulating in Ethereum, and $65,131 million is circulating in Tron.
Analysts emphasize the stability of the blockchain. It maintains a year without interruption. This is extremely important for Solana given the network failures. Current solidity helps strengthen the trust of investors and developers in the ecosystem.
Regarding the price of Solana (SOL), the ecosystem’s native currency, experts highlight the programs that developer equipment is implementing to reduce annual inflation from 15% to 1.5%.
“Some people argue that Solana’s inflation rate is too high, but a certain level of inflation is needed to encourage verifiers to protect their networks and maintain a functional ecosystem.
He also says that Sol is facing recently unlocking tokens, which amounts to about 2.4% of the circulation supply.
As reported by Cryptonotics, there was a $11.2 million unlock on March 1st, worth $20 million. This mechanism was part of the liquidation process following the collapse of the exchange FTX in 2022.
“With this fantastic lift-off passed, sales pressure should be lower,” adds Dawe.
At the time of publication of this memo, the Sun price is $138. It’s $294 less than the historic largest (ATH) of 52%.
Will it stop becoming Casino Delas Memo Coin?
To answer this question, the specialist compares Solana to the beginning of the Internet. “Many investors argued that the internet is a breeding ground for fraud and illegal activities. They were right, as most Puntocom companies often failed.
In that sense, “It is true that the network houses meme coins and speculative activity, but this seems to indicate that it is an early stage native internet technology. Investors who throw it away as a simple platform for meme coins have overlooked Solana’s destructive capabilities.”
You need to see if these features can ultimately impose themselves in the short term.
In this regard, trader and cryptocurrency market analyst Erica Espinal believes that what happened under the nickname Libra and “Casino de Memecoin” is exactly the reset he needed (starting in Spanish). “Now those with weaker hands are gone, they are long-term investors, people who believe in the project,” he says.
On top of that, Projects that allow the price of the sun to rise for $300.
Bitwise, a digital asset management company, predicts bullish scenarios and an objective price of $6,300 by 2030. For this to happen, the stability of the blockchain and the launch of funds cited in the US Solana Stock Market (ETF) is important.
(tagstotranslate) Cryptocurrency
