Solana experienced a severe 50% decline in February 2025 due to decreased on-chain activity, a downturn in the memecoin sector, and general market downturns.
BlockDAG (BDAG) is emerging as an alternative to Solana, with a growing ecosystem, $30 million grant program, and expanding educational initiative.
Solana's decline was caused by reduced on-chain activity, a drop in its memecoin sector, and wider market trends like Bitcoin's price fall.
BlockDAG's presale has reached milestones, collecting over $200 million, and offers a potential alternative to Solana with financial support and a clear development roadmap.