Solana (SOL) has become the fourth-largest cryptocurrency, surpassing Binance Coin (BNB) and Ripple's XRP.

Solana's value has reached a 21-month high with a 94% rally in the past month.

Experts predict it could reach $500, but there are indications of a potential price drop.

Factors such as widespread adoption, bullish market trends, and fast transaction speeds contribute to Solana's success.

Solana has outperformed Bitcoin and Ethereum in trading volumes and decentralized exchange (DEX) volumes.

Occasional outages and congestion issues are among the challenges Solana faces.

Despite these challenges, Solana is shaping the future of blockchain technology.