VanEck: Solana Could Reach 50% of Ethereum Market Cap
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.