$SOL HOW IT CAN DETHRONE ETHEREUM TO BECOME NO. 2 🎯
The Solana ecosystem seems to be a better play than the Ethereum ecosystem in this bull cycle and Sol itself has all the potential to become the second largest crypto currency by surpassing ETH.
Here are some key fundamentals:
📊 The P/S Ratio
The Ethereum P/S ratio is at an all-time high, while the Solana P/S ratio is at an all-time low.
The Price to Sales ratio, also known as the P/S ratio, is a formula used to measure the total value that investors place on the company in comparison to the total revenue generated by the business.
📊 REVENUE
ETH Revenue has been on the Deep dive since 2021, while Solana's revenue is also making all-time highs.
📊 DEX Volume
The total Dex volume sharing of Ethereum is declining while Solana's total Dex volume sharing is reaching all-time highs, meaning again, Solana is taking more of the Dex volume than Eth's.
📊 Slow Transaction Speed
Another big reason which has been the biggest advantage for Solana is the transaction speed. Ethereum compared to Sol takes considerably more time for a transaction to complete.
A massive shift has been witnessed towards Solana with increasing transaction volume since its launch in 2020.
📊 High Gas Fees
Probably the biggest reason for Sol's success could be the much lower gas fees when compared to Ethereum. Apart from transactions, NFT's get started to mint on Solana blockchain since 2021 and have been garnering massive volume in NFT trades.
Even though the ETF has officially been approved, Solana is way undervalued as it looks to be a better trade for this cycle. Also, the booming success of memecoins on Solana is the talk of the town and attracting many investors including whales as well.
