How Solana is transforming Traditional Finance in Tech and Gains

If you think bank transactions are fast, wait until you hear about a blockchain that processes 55,000 transactions per second (TPS)—yes, you read that right! While traditional finance struggles with slow speeds and high fees, Solana is rewriting the rules of the game.

For a long time, traditional finance has been plagued by slow transaction speeds, high fees, and limited scalability. Think about it: how many times have you had to wait hours—sometimes days—for an international bank transfer to go through? Even local transactions can take frustratingly long, not to mention the hefty charges that come with them.

Take, for instance, the recent banking policies around ATM withdrawal fees. Many financial institutions now charge extra fees for both local and international withdrawals, making it even more expensive to access your own money. It’s no surprise that more people are turning to faster, cheaper alternatives like cryptocurrencies.

This is where Solana comes in. It’s a blockchain that offers lightning-fast speeds, significantly lower fees, and better scalability—solving many of the problems associated with traditional finance. By using an innovative proof-of-history (PoH) mechanism combined with proof-of-stake (PoS), Solana ensures transactions are processed almost instantly and at a fraction of the cost compared to Ethereum or Bitcoin.

What’s interesting is that Solana isn’t just about speed—it’s also about opportunity. Over the past few years, it has evolved into a major hub for decentralized finance (DeFi), NFTs, and meme coins, attracting developers and investors alike. Its ability to handle high transaction volumes with low fees has made it the go-to blockchain for many emerging projects.

Back in 2020, Solana was trading at just $1 per token. Fast forward to November 2021, and it hit an all-time high of $254, delivering mind-blowing returns to early investors. But what if you had invested in Solana at the end of 2022 when it was trading at a much lower price?

At the end of 2022, Solana was hovering around $10 according to CoinGecko. If you had invested $100 back then, you would have gotten about 10 SOL tokens. Fast forward to today, with Solana currently trading at around $145 at the time of writing, your investment would now be worth $1,350—a 13x return in just over two years.

Not bad, right? This is why many investors are closely monitoring Solana’s future potential. With its speed, efficiency, and growing ecosystem of decentralized applications (dApps) coupled now being the memecoin hub, it’s becoming a strong contender in the crypto space.

But as with any investment, there are risks. Crypto markets are volatile, and prices can swing drastically. Still, Solana's performance over the years has shown that it has the potential to be a major player in the blockchain industry.

The question, however, remains: Would you invest in Solana now, or do you think the best opportunities have already passed? Let’s hear your thoughts in the comments below.