Is the Beta Solana Label Still Relevant?

Updated

April 25, 2025

Gambar Is the Beta Solana Label Still Relevant?

Jakarta, Pintu News – The question of the Solana network’s continued beta status has been a hot topic among observers and critics alike.

Despite being the subject of much scrutiny, Solana (SOL) continues to perform impressively among its competitors. With high transaction volumes and active addresses, the network demonstrates potential that cannot be ignored.

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Beta Label: Just a Term or Something More?

I've talked about these several times lol

1) the name "beta" is arbitrary and meaningless

although if it's already doing more scale and revenue than all chains combined while in "beta", then I understand the fear present here

2) skill issue

3) there are 3 clients on mainnet —…
— mert | helius.dev (@0xMert_) April 23, 2025

According to Helius Labs CEO, Mert Mumtaz, through a post on X, the beta label used by Solana (SOL) is nothing more than a term. Despite still being in the beta phase, Solana (SOL) has managed to outperform other networks in terms of transaction volume and number of active addresses.

Mumtaz emphasized that the label does not affect the performance or quality of the network offered. Solana (SOL) still holds Mainnet Beta status, but has been widely used in real-world applications.

Nonetheless, the network is constantly being refined and optimized. It is unclear when Solana (SOL) will remove the beta label, but this does not detract from the fact that the network is already operating very effectively.

Criticism and Defense: Solana Dynamics (SOL)

Balarchrex, in a debate with Mumtaz, criticized the non-transparency of the Solana Foundation’s wallet, which is not publicly announced. He argued that this could cause concern among investors about the possibility of the Solana Foundation selling SOL tokens in bulk.

However, Mumtaz responded by pointing out that institutional investment in Solana (SOL) is at its highest. In addition, Balarchrex also highlighted that the Solana (SOL) network has only had one client since its launch.

However, Mumtaz defended it by saying that having two independent teams working on the same code is not a problem. He emphasized that Solana (SOL) will not adopt an open policy like Ethereum in accepting new clients.

Also read: Bitcoin (BTC) below $100,000, Adam Back reveals it’s a golden opportunity?

Solana (SOL) Price Outlook: Optimism Amid Challenges

Currently, the price of Solana (SOL) sits at $150, with increasing optimism that it could reach $200, driven by Galaxy Digital replacing its Ethereum (ETH) holdings with Solana (SOL).

With this kind of support, along with strong network performance, many are optimistic about the future of Solana (SOL). Aggressive investment strategies from various financial institutions show high confidence in Solana’s (SOL) long-term potential. With this continued support, Solana (SOL) has the potential to reach even higher values in the future.

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