According to Blockworks Research, the DeFi sector on the Solana blockchain may be ready for a comeback. The recent FTX meltdown had a significant impact on Solana’s DeFi sector, but there are promising signs of recovery. Analyst Dan Smith suggests that a “single-shard” solution could address some of Ethereum’s issues and improve Solana’s throughput. Solana’s synchronous composability and the presence of quality teams building DeFi tools are seen as positive factors. However, the current challenges faced by Solana include the lack of a robust DeFi ecosystem and low adoption for liquid staking. Despite these hurdles, experts believe that once these obstacles are overcome, Solana’s DeFi sector has the potential for exponential growth.
AI Sentiment: Neutral