Solana has seen a meteoric rise over the past few months. While SOL has pumped up the price charts, network popularity, adoption, and ecosystem-centric developments have made headlines too.
This sudden surge in popularity has been fueled by the unparalleled scalability of the network, along with a lower transaction fee, when compared to Ethereum. The latter, for instance, has often been plagued with network congestion and mounting gas fees.
However, Solana is not the only potential ‘Ethereum killer’ that exists. Other layer-1 solutions such as Binance Smart Chain (BSC) and Polkadot have given stiff competition to this comparatively new blockchain.
And so began the layer 1 wars, where different solutions are vying for the ultimate prize of
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