Is Ethereum's Reign Truly Threatened? A Brief Analysis of Solana

Is Ethereum's Reign Truly Threatened? A Brief Analysis of Solana

By Bfab | Good vibes | 7 Jul 2024


I've been digging into tokenterminal.com, and here's what I found...

  • ETH, the king, has a $358B market cap. Fees are $128M/month, BUT revenue's are $85M 🤔.
  • SOL's, the underdog, market cap's $59B. Fees and revenue are $52M and $26M respectively 📈.

So ETH market cap is 6 times SOL, but ETH revenue is less than 4 times SOL... Therefore, SOL seems to be underrated vs. ETH...

My conclusion: I still see ETH dominating 👑, but Solana's showing potential 🚀. Both have their place 🤝, but I'd keep an eye on Solana after the ETH ETF 👀. #DYOR #NFA 😉

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Bfab
Bfab

Thinking too much?


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