Here’s a 100-word analysis of Cardano’s smart contract progress and ADA’s value in competition with Solana (SOL):
Cardano’s smart contract rollout, starting with the Alonzo upgrade, has bolstered ADA’s potential by enabling dApps and DeFi, with scalability improvements like Hydra enhancing its appeal. ADA’s value often reflects these technical strides. Compared to Solana, Cardano prioritizes security and research-driven development via Ouroboros PoS, while Solana boasts higher throughput (up to 65,000 TPS) with its Proof of History (PoH) model. However, Solana’s frequent outages contrast with Cardano’s stability. While Solana leads in dApp adoption and speed, Cardano’s lower fees and methodical growth position it as a formidable, albeit slower-evolving, rival.