Could Solana Beat Ethereum to Become the Largest Altcoin in 2025
The post Could Solana Beat Ethereum to Become the Largest Altcoin in 2025 appeared on BitcoinEthereumNews.com.
Solana and Ethereum have competed for dominance throughout Q4 2024. Ethereum secured over $850 million in institutional capital inflow to ETFs, while Solana attracted over $300 million in cross-chain inflows within the past week. Market experts and reports suggest Solana is poised to beat Ethereum and replace ETH as the largest altcoin in crypto. 2025 is therefore a pivotal year for Ether and Solana, the latter’s competitive edge lies in DEX metrics and its growth potential alongside rising capital inflows. Solana’s win could bring changes to portfolios and Ethereum beta plays could suffer a correction in the event SOL dethrones ETH. This deep-dive can prepare traders effectively for the changing dynamics in crypto. Solana vs. Ethereum Solana outpaced competitor Ether in several key areas in 2024. After outperforming Ethereum in October and November 2024, Solana is neck and neck with Ether in December. Data from TheBlock shows that SOL and ETH are competing in app revenue, app fees, and decentralized exchange volume. In terms of app fees, Ethereum garnered $311.1 million this month, against Solana’s $322.8 million. Ethereum vs Solana App fees | Source: TheBlock Solana outperformed Ethereum in App revenue in October and November 2024, in December Ethereum clocked $93.56 million and Solana dominated with $140.95 million. Ethereum vs Solana App revenue | Source: TheBlock In terms of DEX volume, Solana leads with $67.43 billion, Ethereum lags at $52.37 billion, per TheBlock data. Solana based DEXes have observed a large volume of token launches and trades in Q4 2024, this is likely the catalyst driving DEX volume on the SOL chain. Ethereum vs Solana DEX Volume | Source: TheBlock Solana’s growing dominance in DeFi is evident from the comparison between the two chains. SOL looks poised to outperform Ethereum in DEX metrics in December as well, extending its streak…
Filed under: News - @ December 17, 2024 8:23 pm