Solana Proves Its Mettle During Crypto Flash Crash

Solana's exceptional performance during the Oct. 10 flash crash has investors taking notice. Its high capacity and low fees are drawing more users to the network.

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2025 October 17 . 11:01 AM

1 min read

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Solana Proves Its Mettle During Crypto Flash Crash

Solana, a high-speed blockchain developed by Anatoly Yakovenko and Greg Fitzgerald in 2017, has proven its mettle during a recent crypto market flash crash. The network's impressive performance has solidified its status as a market leader in terms of capacity and low costs.

Yakovenko, previously at Qualcomm and Dropbox, and Fitzgerald founded Solana Labs in 2018 to oversee the development and operation of the Solana blockchain. During the Oct. 10 flash crash, while other large-cap cryptocurrencies struggled, Solana processed thousands of transactions per second (TPS) in real time, demonstrating its exceptional load-bearing capacity.

Even during peak load, Solana's fees remained affordable for regular users. This, combined with its fast finality, makes it an attractive network for capital migration. The flash crash episode underscores the main investment thesis for buying Solana, as its high capacity and low fees are likely to draw more users to the network.

Following the flash crash, Solana's stock has risen. It is now more valuable than before the crash. With its impressive performance, it's unlikely that new players will outperform Solana in terms of throughput, transaction times, or fees anytime soon.