Solana aims to become more robust and more widely used by the financial industry. The key developments and challenges ahead.
The most important thing for Solana ahead is stable operation. Several independent validator programs, such as Firedancer, are meant to make the network less vulnerable to single failures.
A new consensus model is also planned, designed to give faster and more secure confirmations.
The financial industry has taken notice of Solana. In the US there are now exchange-traded funds for SOL, and in Europe SOL has long been available through exchange-traded products.
Stablecoins, payments and tokenized securities are the areas where Solana is focusing most on traditional finance.
Solana and Ethereum have chosen different paths. Ethereum scales through many layer 2 networks, while Solana scales on one shared chain.
Supporters say Solana's model gives users a simpler experience, where everyone shares the same liquidity. Critics say it comes at the expense of decentralization.
Solana has shown that the network can withstand crises. Whether it becomes a lasting foundation for onchain finance depends on whether it can combine speed with stability and broad trust.