Ethereum
Pantera Capital sees Solana as a serious future rival to Ethereum
4:00 p.m. ▪ 3 min reading ▪ by Mikaia A.
Pantera Capital analysts Franklin Bi, Cosmo Jiang, and Eric Wallach recently touted Solana as a real threat to Ethereum. Thanks to its monolithic architecture, Solana is poised to establish itself as a leading blockchain, capable of capturing a significant share of the market dominated by Ethereum.
Solana: The “Ethereum Killer” activated
Solana positions itself as a serious “Ethereum Killer”thanks to a monolithic architecture reminiscent of the Apple’s integrated approach with macOS.
According to Pantera Capitalthis design gives Solana notable advantages: a smooth user experienceaccelerated innovation and enhanced security.
These features make Solana particularly attractive to developers, a cornerstone of the success of any blockchain.
THE NFT depository platform DRiPfor example, benefits from Solana’s capabilities to send millions of NFTs at low fees, demonstrating the network’s technological superiority.
Pantera also highlights the versatility of Solanaissuer of SOL crypto, capable of supporting various use cases difficult to implement on modular blockchains like Ethereum.
Projects such as Hivemapper and Phoenix demonstrate how Solana’s monolithic architecture enables the development of innovative applications.
Additionally, Franklin Templeton had previously highlighted Solana’s advanced technology, describing it as ideal for the next waves of crypto adoption.
As a result, Solana emerges as a major player poised to reshape the blockchain and crypto landscape.
Solana growth: the numbers speak for themselves
The rise of Solana is not limited to technological promises. Solana fundamentals show impressive growthconsolidating the bullish argument.
THE number of unique active addresses on the network went from 14,000 in October 2020 to nearly 1.34 million recently. At the same time, Solana’s priority fees have exploded, reaching an all-time high of over $60 million in March 2024, signaling growing demand.
The volume of trade on Solana’s decentralized platforms and the a record number of crypto launches reinforces this momentum. Solana has even established itself as the preferred platform for retail crypto investors and meme traders, surpassing Ethereum in NFT volume.
These indicators show that Solana is not just a theoretical competitor but a growing player poised to capture a significant share of the crypto market.
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Mikaïa A.
The blockchain and crypto revolution is underway! And the day when the impacts are felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.