Is Solana getting too hot or will Solana redowhat Binance Smart Chain did and actually justification some burn marks on Ethereum? BNB raced 40 x in cost on that, so thats an important issue if you like coin. In this video, I will try to answer ifI guess Solana has come too hot previously, or if there is still room to go. Firetruck is coming! That’s how red-hot it is! That’s hot! We will flood: Tx metrics Financial metrics Price analysis with Larsson Line Market moves Conclusion and then, as a bonus, what could be a possibly be evenbetter alternative than investing in Solana, so make sure to watch to the end.If you watched my video Top 5 crypto coinsto invest, youre welcome Causes meet what I said about Solana in July. One project that has sailed up on my radaris Solana, which is backed by FTX, an superb fellowship. Solana is doing some thing differently, witha different consensus which too aims to be faster and cheaper, Solana isnt new actually. Without getting too technical, they use thetimestamps differently.They have a unique solution, the government has good impetu, they have potent allies and their total MC is less than 9 bn today, compared to Binance 49 bn and Ethereum Market Cap 245 bn, necessitating if, if, they somehow supplanted, there is a lot of room to grow relative competitor. If you missed that video, well becauseyou didnt have the bell turned on. Just subscribing isnt enough any more onYouTube, so make sure to do that if you like my content. Its still worth watching and the introis funny. Ill link at the the end of this video. Likewise delight like this video for the YouTubealgo. Thank you. Transaction metrics firstly. Remember that BSC, Binance Smart Chain, flippedEthereum in transaction magnitude which created this run in BNB price. It wasnt supposition alone. There was real network activity driving premium. Then where is Solana on that metric? If we look at this dashboard, we can see thecurrent TPS down to the second.If this is, say 1,000 tps, thats 86,000 transactions per epoch. If its 2,000 tps, its 172,000 transactionsper period. We can also look who it is. Arweave is the data storage solution thatSolana squanders. So that coincides, little over 100,000 transactionsper daytime. Ethereum does about 1.2 million transactionsper date. Binance Smart Chain 7 million. So Solana is nowhere near that more. That to me, means that there is still a LOTof room to grow for Solana. Thats huge. Now let’s move on to the financial metrics. What are the trading volumes and total valuelocked on the DEX, which is maybe the clearest gauge? The central Solana DEX is called Serum SRM, butif you look who it is, its very small. 30 million daily volume. Caste 24 or something. But thats because its the wrong DEX. The far and away biggest activity by magnitude is RaydiumRAY.Part of their business still execute throughSerums guild work. Raydium has similar volume as Sushiswap andonly such factors 3 away from PancakeSwap. So thats a good deal previously! Total value locked is less nonetheless. Here you can see its about $800 M or $900 M, compared to PancakeSwap and Uniswap over$ 5bn. I will come back to this later in the videoin more details so just relax and keep watching. In summary, yes, there is clear momentum. Now lets look at the price analysis. Solana has been one of the clearest chartsin the whole crypto ecosystem. Larsson Line snapped gold here at about $3. Then price flowed straight up to $ 58. Then we had some pause here.You could draw this as a symmetrical triangle, which is a continuation pattern. I actually attracted this as a rectangle, which then is broken for continuing, but then Larsson Line have recently been flung back gold even before that at $38. On the BTC chart, Larsson Line never snapped blue, really led neutral in the combination andthen continued. Toll is now in price discovery on both maps, though targets from these motifs are nowclose to being completed. It often pays to wait for a retracement. In an uptrend, we Crave hurtles. So a very strong chart all the way from Januarythis year and that hasnt changed.Market moves then. Why did it pump now and so much? Well, apart from risk appetite being backin the market, there were two things that happened. One was Wormhole. Its a connect where you can send ERC2 0 tokensfrom Ethereum over to a Solana equivalent, and then use them there, or move it back ifyou miss. Or not. So how it wreaks is that you fasten the ERC2 0tokens on the Ethereum side. Then this Validator system sees that and mintsnew signs on the Solana side. Then if you burn them on the Solana side, your old-time ERC2 0 tokens unlocks on the Ethereumside. Sweet. So thats a confidence enhance for the ecosystem. Then there is indeed the apes likewise This campaign got a lot of hype. People bought these NFT parrots. Mostly you could mint these apes and paywith SOL, which created a buying rampage on the Solana tokens. People are selling these. You can see latest marketings here, this is about $700. I didnt buy any apes. The busines motorists actually were a combinationof 4 things: 1) Optimistic marketplace => Risk on coming 2) Some people betting Ethereum 2.0 with PoSand L2 actually used in key business like Uniswap and OpenSea etc will be furtherdelayed. 3) Confidence boost in the ecosystem as awhole with the Wormhole bridge 4) And some NFT hype make buying spreein the underlying token, much like the ICOs did in 2017 on ETH and BSC projects did in2 020 -2 021 on BNB. Conclusion on Solana now, before we look intoone alternative. It is a faster, cheaper technology. For years Ive said that dont underestimatethe cost advantage. Everyone chuckled but then turns out I wasright, look what happened with BSC/ BNB[ 40 x led ]. Im saying it again: Faster and cheaperis better. Most parties dont care exactly how decentralizedit is, as long as its permissionless, means that you dont need to ask anyone to start using it. Solana is massively faster and cheaper thanEthereum today , no doubt and it toils now. Ideologically, do no mistake people: Solanais a VC backed programme. Promoted $314 million in a private clue saleround led by Andreessen Horowitz and Polychain Capital. Other participants in the round included AlamedaResearch – that’s Sam CMS Holdings, CoinShares, Jump Trading, MulticoinCapital, Sino Global Capital, and many others. If we leant the ideological arguments aside, that poses a risk, when SEC and other US regulators are going to war with crypto in the US. An anonymous developer living on a remoteisland suddenly no longer seems like such a bad alternative. On the pro place, it means they have moneyfor marketing, subsidizing projects to build stuff and so on.And its still in the honeymoon interval. Pretty much everyone likes Sam of FTX now. Like CZ before. Then as they become more powerful, probablymore parties will feel differently. Its typically like that. I do think this is just. the start. The entryway was when I affixed my previous video. Now were kind-of late, but if there aredips here, I think Solana can pose a good jeopardy honor. And who knows, perhaps they succeed big time. That is the game in crypto – a small chancefor a big reward. But could there be something else, even better? On BNB we had the CAKE token. Whats the CAKE on Solana? Well there was the Serum SRM token right.Ah busines detonator of $400 Million. Pretty economical liberty. What! Perfectly diluted market cap $79 billion. No thanks. How about Raydium then, RAY? Its a bit of the same ugliness. Market detonator $400 M, fully diluted MC$ 4bn. But not as bad. And there is also this. 52% of the signs are allocated to Partnership& Ecosystem, Team and Advisors. While simply 10% of the signs are selling now. So there will be a lot signs opened fora lot parties that have gotten them free of charge, conveying they can sell them at any price andstill originate profit.That’s not so good. But, crypto moves fast, perhaps faster thanthese unlocks will happen. Anyway, Ive placed the numbers in a comparisontable now. Let’s look at it! We have Market Cap, Fully Diluted Market Cap, Total Value Locked, Market Cap divided by Total Value Locked, Fully Diluted Market Cap divided among TotalValue Locked, 24 hour trading magnitude and Market Cap divided by 24 h trading loudnes, and fully diluted market detonator divided by 24 h tradingvolume. Then we have Uniswap, PancakeSwap and Raydium. And as “youre seeing”, Market Cap per TVL isthe lowest on Raydium, although not by as much as I judged, and if you look at the fullydiluted busines cover[ per TVL] its actually even higher than Uniswap and PancakeSwap. And its the same if you look at MarketCap divided by trading volume. Its attractive only if looking at the currentmarket cap , not at the fully diluted marketplace cap. So for this to be attractive, it needs tomove fast, before it gets diluted by all those allocations – and it well might.I surely contemplate Raydium is one to watch. I will come back to it in a future video, so make sure you are subscribed for that. Please like the video to help YouTube do its job. Thank you Tack! CTO Larsson out. Hej d !.