CandleFocus Solana is now rivaling Ethereum on almost all key metrics
2025-01-10
Author: Content Editor
A recent thesis by Syncracy has revealed that Solana, a blockchain platform, has surpassed Ethereum in several key metrics. Solana's real economic value, application volumes, stablecoin volumes, total value locked, DEX volumes, and active addresses were all higher than Ethereum's. Token Terminal data also showed Solana having more active users than Ethereum. The thesis suggests that Solana is undervalued and has the potential for future growth. Another report by VanEck's subsidiary, Market Vector, also agrees that Solana is undervalued and highlights its outperformance over Ethereum. The report attributes Solana's growth to factors such as the memecoin frenzy and institutional adoption. Solana is expecting more growth with upcoming upgrades to improve scalability and stability. The blockchain has also launched its layer 2 chain, Solaxy, to address congestion issues.
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