Solana, despite its ‘Ethereum killer’ moniker, has carved out its own niche with success. The network, which saw a resurgence in 2025 despite previous network outages, is seeing record trading volumes on its NFT marketplaces, particularly Magic Eden. This surge coincides with investors seeking alternatives to Ethereum’s crowded ecosystem and exploring Solana-based decentralized finance (DeFi) projects. The appeal of Solana lies in its high throughput and almost zero fees, attracting developers and driving innovation in Web3 applications. Analysts are optimistic about the network’s long-term prospects due to increased developer activity and growing adoption. They see Solana setting the stage for sustained success.