Here’s How Solana Can Reach 50% of Ethereum’s Market Cap: VanEck Research

Ethereum used to dominate almost all non-Bitcoin blockchain sectors in the industry but has gradually lost some of its grip over certain markets to competitors like Solana.

“When comparing Ethereum and Solana, the data is striking. Solana processes 3,000% more transactions than Ethereum, has 1,300% more daily active users, and its transaction fees are nearly 5 million percent cheaper. These are monumental differences that showcase Solana’s potential efficiency and scalability advantages.

Still, Ethereum has the edge in other metrics, such as the total value locked. In fact, the TVL on the world’s second-biggest blockchain is over 56%,In terms of institutional adoption, Solana trails behind its older competitor, which received further validation in July this year when the US SEC greenlighted nine spot Ethereum ETFs.

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PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on SolanaKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
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