This is why Solana is buying as the crypto apple.

According to new research, Solana has emerged as a genius. It has drawn comparisons to tech giant Apple, particularly for its innovative approach to fusing hardware and software.

However, the Solana's appeal extends beyond other Apple imitators. Unlike Apple's hardware-centric approach, Solana flips the equation by focusing on hardware enhancements to improve and expand the Web3 experience.

How Solana stands out in the Crypto market

Co-founder Raj Gokal often describes Solana's vision as the “Apple of crypto.” Instead of facilitating hardware sales, it emphasizes the need to innovate with software by introducing new functions and experiences.

This comparison, while apt to demonstrate Solana's commitment to performance and user experience (UX), only scratches the surface. According to Four Pillars researchers, the real essence of Solana lies in its network performance, which can be processed by multiple threads in parallel.

This technical prowess attracted practical developers eager to test Solana's potential during the DeFi and NFT boom. Its ability to offer fast transactions with low fees quickly made it a competitor to Ethereum.

“Solana is capable of processing thousands of transactions per second, with block times recorded at 400-500ms – far superior performance to existing blockchains. Ultimately, Solana's adoption of this technical approach achieves two missions: a scalable platform that can handle high usage and integration between applications,” he said. wrote researchers at Four Pillars.

The commitment of those who shared Solana's vision remained. Indeed, the focus on strengthening network stability and solving technical challenges has helped boost community trust.

Solana addresses network vulnerabilities by adopting the QUIC protocol for reliable communication and introducing Staked-Weighted Quality of Service (QoS) to prioritize traffic based on SOL stakes. In addition, the introduction of a local payment market has helped reduce spam and promote efficient network usage.

“QUIC is a new communication protocol based on UDP that simplifies TCP's communication streams and handshake processes while maintaining its advantages. Therefore, QUIC allows Solana to achieve reliable connectivity, request retransmissions only for packet-lost streams, and continue to transmit the rest without interruption, significantly increasing network efficiency, the Four Pillars researchers added.

Read More: 13 Best Solana (SOL) Wallets to Consider in March 2024

Community and ecosystem development is central to the Solana ecosystem. Initiatives like the BONK meme coin airdrop have encouraged the Solana community by allocating 5% of its total supply to developers. This spread brought the community together and led to a huge boost in the ecosystem as developers got involved in the rebuild.

Incredibly, the price of MemCoin rose 20,400% from its lowest point, which renewed interest in Solana and created a positive feedback loop. This increase resulted in the distribution of 30 million BONK tokens to Saga Mobile device users. This further expanded interest in both BONK and Solana.

Additionally, various platforms in the ecosystem, such as Gito, PitNetwork and Jupiter, have announced their own airdrop strategies, fueling market enthusiasm. Other entities in the ecosystem, such as Tensor, marginfi, Zeta, and Parcl, have plans for airdrop-related incentives.

Solana's strategic initiatives extended beyond technical improvements and airdrops. Solana is actively bridging the gap between blockchain and traditional financial systems by pioneering areas such as decentralized physical infrastructure (DePIN) and seamless crypto asset payments. Partnerships with industry giants such as Circle and Visa reflect an authoritative position in the crypto payments space.

Additionally, Solana speaks to its commitment to network stability and security through its diversity and decentralization of authentication clients. The initiative, aimed at running the intersection and increasing the Nakamoto coefficient, reflects Solana's skewed approach to scalability and decentralization.

Such developments have attracted institutional interest, as evidenced by the positive comments made by Arch Invest CEO Cathy Wood.

“Solana is doing a great job. If you look at Ethereum, it was faster and cheaper than Bitcoin back in the day. Solana is faster and more cost-effective than Ethereum,” Wood said.

Read More: Solana (SOL) Price Prediction 2024/2025/2030

As Solana expands its business and strengthens its internal base, Apple has established its leadership in the crypto market, reminiscent of its influence in technology.