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Currently, market fluctuations and stagnation have had a profound effect on Solana. In this post, we will examine the determining factors in Solana’s future. Because after the situation calms down in the market, we may see the growth of Solana in the near future.
Drip Haus CEO Vibno Norby gives us a detailed reflection on Solana’s trajectory and offers insights into the platform’s future. The past few months, from December to April, marked a period of intense activity for Solana, marked by exciting highs and challenging lows. According to the CEO, Solana experienced a “huge wave” that reached 160,000 daily active users (DAUs) and added more than half a million users during that time.
Despite the excitement, the rush led to significant congestion in early March. This congestion made the chain almost unusable by the end of the month. This period was described as “awakening” for all decentralized applications (dApps) in Solana, which caused rapid or even accelerated development of scaling solutions. Under normal circumstances, it would take more than a year to complete.
Now that Solana is on the verge of a new phase, there are four key factors that will determine its sustainability and growth:
Scalability solutions: Rapid response to congestion issues is critical with accelerating scalability solutions. The ability to handle large volumes of transactions without significant slowdowns is essential to maintaining user confidence and operational efficiency.
Engagement Metrics: Focusing on “p5 DAU” – a custom metric for highly engaged users – highlights the importance of not only engaging users, but building a dedicated user base. The CEO notes that Drip House has cultivated 25,000 highly active daily users, underscoring the potential for sustainable growth.
Product quality: Improving product quality after compaction has led to increased user satisfaction and retention. As the product evolves, maintaining high standards will be critical to long-term success.
Community and Vision: Community engagement and transparency are critical to increasing user support and building a strong ecosystem.
Looking ahead, these foundations set the stage for what Norby describes as an exciting next few months. With some stability and new uses, we may see Solana grow in the future.
