Can Metacade (MCADE) Become a Success Story Like Solana (SOL)?
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If you follow the crypto industry, you probably heard about Solana’s (SOL) epic rise in 2021. Investors that got in at launch in 2020 could’ve cashed out nearly 44,000% gains at SOL’s peak in November 2021. Of course, we all dream of profits like this, and now there’s a new token that could see the same meteoric ascent.
That token is Metacade (MCADE), and in this article, we’re going to discover what could lead Metacade to become as successful as Solana.
Solana is a blockchain platform that uses smart contracts to provide a framework for others to build applications. It’s often compared to Ethereum as one of its main rivals, as their functions are pretty similar. Where Solana differentiates itself, however, is in its transaction speeds and fees. When Solana was first announced in 2017, transaction speeds across most blockchains were limited to around 15 transactions per second (TPS). For reference, Visa and Mastercard can handle approximately 65,000 TPS.
Nowadays, Solana has a theoretical peak capacity of around 65,000 TPS. According to Solana’s documentation, it has an upper limit of 710,000 TPS on a standard gigabit network and an eye-watering 28.4m TPS on a 40-gigabit network. Even in today’s bear market, Solana is processing around 3500-5000 TPS at an average cost of $0.00025 per transaction. Compare that to a post-merge Ethereum that’s handling between 10-20 TPS at around $2 per transaction, according to ethtps.info and Messari.
Because of these incredible speeds and low costs, users flocked to Solana in 2021. This came after the primarily Ethereum-based DeFi and NFT gold rush pushed transaction fees to almost $50
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