This Blockchain Will Be 500 Times More Powerful Than Visa.
May you live in profitable times.
And, by the way, these are the profitable times I am talking about.
I’m going to assume that you know that bitcoin recently cracked $100k.
I suggested back in January 2023 that the bottom had hit following the 2022 crypto downturn… I said, “now is a good moment to begin wading into crypto.”
I saw a “rekindling” taking place for cryptos like bitcoin, Ethereum, and Solana…
Bitcoin was then sitting at $23,000…
If you bought bitcoin back then… the last two years have been profitable indeed.
But for those who bought Solana back then… well, you owe me a 10% finder’s fee!!!
I joke. I joke.
Five percent is fine.
For those who haven’t paid attention, Solana has surged from the $20 range to more than $250 recently, a gain of more than 11x. Meaning a $10,000 investment two years ago in SOL—to use the “ticker” symbol it’s known by—is now $110,000.
But here’s what you need to know…
If you missed that run, you’re still not late to the game.
I’m on record in many places—Twitter, Field Notes, my Global Intelligence newsletter, International Living conferences—saying that crypto and the tech it’s built on, blockchain, are the future of everything… and I’m also on record saying that Solana is going to emerge as one of the most important blockchains in society.
By that, I mean that Solana is going to be the blockchain across which we all live a great portion of our lives—from investing, to daily spending, to education, entertainment, ticketing, identification, gaming, and on and on.
And you are right to be asking at this moment, “El Jefe, what are you jabbering on about now?”
I am jabbering about something known as “TPS” in the crypto world—the acronym for one of the dullest things you can imagine in technology… transactions per second.
I won’t blame you if you fell asleep after reading that and are just waking up again to wonder what caused you to doze off…
But TPS is a big deal. Not just in crypto but in everyday spending.
It measures, as you might guess, the speed at which a transaction clears.
Imagine popping into the local Gas-n-Go to fill up your tank and grab a Yoohoo and a MoonPie, and you whip out your debit card to pay for your gas and snacks… and the transaction takes 5 to 30 minutes for your payment to clear. You have to stick around, shooting the bull with customers in line and the clerk while waiting for the OK that you can leave now.
No one would ever use their debit card. Heck, debit cards wouldn’t even exist if that were the case.
Well, that is the case right now with Ethereum, the #2 blockchain that ETH fanboys have always assumed would emerge as the “transactional layer” on which consumer finance would ultimately land.
Alas, not so much.
On a good day, ETH runs at about 17 transactions per second. In blockchain world, that’s slower than a three-legged turtle trying to walk backwards through a puddle of molasses.
Despite efforts to upgrade the ETH network so it can run at 100,000 TPS, ETH seems forever stuck in first gear.
Which steers me back to Solana…
I was online recently, checking out the Solana blockchain for a data point I needed, and I saw that TPS spiked to 96,000!
Now, traditionally Solana has been running at about 2,500 to 6,000 transactions per second. Compared to ETH, that’s fast. Even compared to the global benchmark—the Visa credit card network at 1,700 TPS—Solana is blisteringly quick. Which is why Visa, PayPal, Shopify, and others have begun partnering with Solana. They see the future of money is written on the blockchain…
But even 6,000 TPS is chump change compared to that 96,000 reading I saw pop up.
And even 96,000 is chump change compared to what’s coming…
See, that 96k was a live test of the Solana blockchain running on a new technology. A company in Chicago, Jump Labs, has spent the last few years rebuilding every part of Solana’s blockchain technology from the first line of software code all the way to the last piece of hardware necessary for running and maintaining the network.
And Jump has shown—in live tests across multiple machines—that Solana can run at 1 million transactions per second.
This isn’t theoretical.
It’s happening.
In fact, I suspect Solana will be running at 1 million TPS in 2025. That will make it 500 times more powerful than Visa’s global credit card network…
That, in turn, promises to change the game across the corporate world.
(If you’re curious, I’m preparing a special presentation all about what this means for the crypto market… click here to sign up.)
The reason the internet grew into the society-changing technology that it became is not because we all needed a new way to share cat videos. It’s because the corporate world saw a vast new opportunity for lowering their costs, reaching more customers, expanding their product lines, and creating whole new products and services.
The blockchain at 1m TPS is the internet on a triple dose of East German steroids.
Business is going to flock to Solana because a blindingly fast blockchain will unleash all kinds of creative juices that lead to new products, new services, new customers, and fattening profits.
And at the end of the day, fatter profits are pretty much all any business really cares about.
In fact, I’ve identified 7 projects in particular that are set to benefit big-time from Solana’s major upgrade…
So, when I tell you that the best is still ahead for Solana—that much higher prices are in our future—it’s the super-dull TPS that leads me to that conclusion. A million transactions per second is going to launch a new era in business, just like the internet did.
You might have missed Solana’s run from $20 to $250… but you still have a chance to ride the wave to $1,000 or more.
The profitable times are here. Don’t miss out.
Not signed up to Jeff’s Field Notes?
Sign up for FREE by entering your email in the box below and you’ll get his latest insights and analysis delivered direct to your inbox every day (you can unsubscribe at any time). Plus, when you sign up now, you’ll receive a FREE report and bonus video on how to get a second passport. Simply enter your email below to get started.
