The post Pantera Capital Researchers Say Solana Will Steal Market Share From Ethereum, Here’s Why appeared on BitcoinEthereumNews.com.

Analysts at crypto-focused asset manager Pantera Capital have made a bullish case for the Solana ecosystem compared to Ethereum. They highlighted the network’s growth and outlined why Solana is bound to steal a massive chunk of the market from Ethereum.  Why Solana Will Steal Market Share From Ethereum In their most recent blockchain letter, Pantera analysts Franklin Bi, Cosmo Jiang, and Eric Wallach highlighted Solana’s “monolithic architecture” as the primary reason it could steal market share from Ethereum in terms of blockchain developer activity. They noted that developers make a blockchain successful and shared their belief that Solana is now a “major contender for the future of blockchain development.”  Interestingly, these Pantera analysts likened Solana’s monolithic architecture to Apple’s approach with its “vertically integrated hardware and software stack in macOS.” They believe Solana’s network design offers several benefits, including seamless user experience, faster innovation, and enhanced security.  Furthermore, the newsletter highlighted how Solana’s architectural advantages enable several use cases and user experiences, which may be harder to implement on modular blockchains like Ethereum and Cosmos. Specifically, Solana’s capabilities are said to be valuable for use cases like content distribution, decentralized physical infrastructure networks (DePINs), and central limit order books (CLOBs). Bi, Jang, and Wallach went on to give examples of how Solana’s monolithic architecture “enables compelling applications.” They mentioned the non-fungible token (NFT) drop platform DRiP, whose success they claimed has been mainly due to Solana’s capabilities, which allow them to send millions of NFTs to collectors worldwide without incurring significant transaction costs.  These research analysts also mentioned Hivemapper and Phoenix as examples of applications that have benefitted from Solana’s architecture. It is worth noting that asset manager Franklin Templeton had also previously highlighted Solana’s “superior tech” and stated that the network was well-suited for sectors and applications that would…

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Filed under: News - @ June 21, 2024 1:14 am