VanEck: Solana Could Reach 50% of Ethereum Market Cap
2024-09-26 01:20:15
Market Vector research from VanEck Research shows that Solana (SOL) is significantly better than Ethereum (ETH) in terms of transaction volume, active users, and transaction fees, potentially leading to a doubling of the price of SOL. Solana has 3,000% higher transaction volume than Ethereum, 1,300% more daily active users, and cheaper transaction fees.
Although Ethereum dominates in total locked-in value (TVL) at 56%, while Solana is only 6%, Market Vector analysis believes that if Solana continues to surpass Ethereum, its market capitalization can reach 50% of Ethereum. In this case, the price of SOL is expected to rise to $330.