CandleFocus Institutions could be Solana’s edge against Ethereum
2024-10-04
Author: Content Editor
The article discusses the potential for Solana, a blockchain platform, to challenge Ethereum in terms of institutional adoption. While Ethereum still dominates the market share and has greater stability and security, Solana is making progress and has received praise from major companies like PayPal and Visa for its fast and cheap architecture. Solana's scalability and efficiency could attract institutions, particularly in the tokenization and stablecoin sectors. Additionally, Solana's software is being used by permissioned blockchains, which could further drive institutional adoption. While Solana has a way to go before catching up to Ethereum, it is seen as having potential in the institutional space.
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