Solana's blockchain ecosystem is characterized by its native scalability, low commissions, and extreme rapidity. It has seen significant growth in recent months, thanks to a considerable increase inthe number of newprojects and in the total value locked (TVL) in its DApps.
Solana boasts transaction times of over 65,000 transactions per second (TPS) and 400ms (miliseconds) block times, and extremely low transaction prices at an average of $0.00025 per transaction.
This takes us to one of the main reasons behind the creation of Soltype on Solana: both authors and readers benefit from blockchain technology that incurs negligible transaction fees. This is unlike Ethereum, where creators are currently dealing with outrageous gas fees that have caused existing projects to lose user engagement.