Solana
The future of Solana will be based on these 4 important foundations: the developer describes them
Arman Shirinian
Once things calm down in the market, we could see growth from Solana in the future
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Drip Haus CEO Vibhu Norby provided us with a detailed reflection of Solana’s trajectory, providing insight into the future of the platform. The last few months, from December to April, marked a period of intense activity for Solana, characterized by exciting highs and difficult lows. According to the CEO, Solana experienced a “huge wave,” peaking at 160,000 daily active users (DAU) and onboarding over half a million users during this period.
Despite the enthusiasm, the influx led to significant congestion in early March, rendering the channel almost unusable by the end of the month. This period has been described as “sobering” for all decentralized applications (dApps) on Solana, prompting rapid, even rushed, development of scaling solutions that, under normal circumstances, would have taken a year additional to be implemented.
Solana/USD chart by TradingView
What Solana Really Needs
Now like Solana is at the dawn of a new phase, four key foundations will determine its sustainability and growth:
Scalability Solutions: It is essential to quickly address congestion issues by accelerating scalability solutions. The ability to handle large transaction volumes without significant slowdowns will be essential to maintaining user confidence and operational efficiency.
Engagement Metrics: The focus on “p5 DAUs” – a personalized metric for highly engaged users – highlights the importance of not only attracting users, but also cultivating a dedicated user base. The CEO notes that Drip Haus has cultivated 25,000 highly engaged users daily, highlighting the potential for sustainable growth.
Product quality: Improved product quality following congestion issues has led to increased user satisfaction and retention. As the product evolves, maintaining high standards will be crucial to long-term success.
Community and vision: Community engagement and transparency are essential to rallying user support and creating a strong ecosystem.
Looking ahead, these foundations set the stage for what Norby describes as an exciting few months ahead. With some stability and new use cases, we could see Solana grow in the future.
About the Author
Arman Shirinian
Arman Shirinyan is a trader, crypto enthusiast and SMM expert with over four years of experience.
Arman strongly believes that cryptocurrencies and blockchain will be of constant utility in the future. Currently, it focuses on news, articles with in-depth analysis of crypto projects and technical analysis of cryptocurrency trading pairs.