The Ethereum - Solana debate among cryptocurrency investors is still ongoing. Although the leading altcoin is still Ethereum (ETH), ETH's failure to exhibit expected performance in the recent period indicates that leadership may change in the coming period.
Experts at Market Vector, a successful research firm, say that Solana (SOL) is potentially ahead of Ethereum. Here are the important details in the latest report shared by analysts on the subject:
“The ongoing debate between Ethereum (ETH) and Solana (SOL) continues to capture the attention of both retail investors and institutions. Solana has impressive metrics that outshine Ethereum in certain areas.
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 transaction fees are almost 5 million% cheaper.
These are huge differences that showcase Solana’s potential efficiency and scalability advantages. Given these statistics, it’s hard not to wonder why we haven’t seen a larger migration from Ethereum to Solana, especially from institutions.
Despite Solana’s outperformance across several key metrics, its market cap remains just 22% of Ethereum’s, a disparity that becomes even more apparent when you consider the combined activity of Ethereum and Layer 2 solutions.
“Solana continues to outperform in transaction volume and user engagement. Solana’s ability to significantly outperform Ethereum in market cap could be an opportunity.”
