According to VanEck, Solana's dominance in the Smart Contract Platforms (SCPs) sector is unmatched. The asset management firm predicts a surge in adoption and believes Solana could be the first blockchain to host a killer application with over 100 million users.
Solana’s strides with respect to Smart Contract Platforms is one factor that has kept the project influential. According to VanEck, there could be more on the way.FTX
contagion has been one that may not be forgotten for a long time. For this reason, asset management firm VanEck,According to VanEck, Solana’s strides with respect to Smart Contract Platforms is one factor that has kept the project influential. By definition, SCPs are systems that do not require any third-party interference when executing contracts on a blockchain., none has been able to match Solana’s dominance in the sector.
But it also noted that to grow exponentially, it would need a killer application. VanEck explained no other chain fits that position other than Solana.nd the chain that hosts that killer application stands to benefit immensely from the activity generated by that app. In this note, we model a scenario in which Solana is the first blockchain to host a single application that onboards 100M+ users”, VanEck noted.
blockchain lagged behind. One reason Solana trailed here was because of the numerous times the network has experienced outages.The report explained the reason for the circumstance, highlighting that:However, the asset management firm said it expected Solana to improve going forward especially as it has had a 100% uptime since March 2023. Meanwhile, Solana’s recovery and glaring potential were not just evident in VanEck’s report.
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