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Ethereum vs. Solana: Should you invest in ETH or SOL?

 


Ethereum and Solana are leading blockchain projects helping developers build decentralized applications (dApps) across all industries. ETH and SOL combined have a market cap of over $390 billion, with Ethereum being larger than Solana. In this Ethereum vs Solana comparison, we will evaluate which of the two is the better option.


That speaks for Ethereum

Ethereum Statistics

Market capitalization: 353 billion USD.


Total value locked: $115 billion.


Architektur: Proof-of-Work (PoW)


YTD-Performance: -22 %.


There are several reasons why Ethereum investors believe in the platform. First, it has one of the most recognized brands in the blockchain industry. In terms of brand awareness, only Bitcoin scores better. Therefore, investors believe this quality will lead to more investment as the industry grows.


Second, Ethereum's price has performed well over the years. Its price has gone from less than $10 to over $3,000 making it one of the best performers of all time. Third, the network has maintained a strong market share despite facing significant competition from the likes of Solana, Avalanche, and Cardano.


Fourth, Ethereum is a dynamic platform that is undergoing change. After successfully running the Proof-of-Work (PoW) model, developers move to a Proof-of-Stake (PoS) framework. The merger of the Beacon Chain and the current platform should take place in July.


Therefore, the network will be significantly faster and cheaper, and developers will no longer need other blockchains.


That speaks for Solana

Solana Statistics

Market capitalization: 32 billion USD.


TVL: $ 6.8 billion.


Architektur: Proof-of-History.


YTD-Performance: -45 %


Solana is a blockchain project that uses an architecture framework known as proof-of-history. This is a relatively new framework that deals with a high-frequency verifiable delay function (VDF) that takes a series of steps to evaluate blocks.


As a result, Solana has a significantly high throughput of over 2,000 transactions per second (tps) and low costs of around $0.0001 per transaction. This strong performance is one of the main reasons why most developers believe that Solana is a better investment than Ethereum.


Second, Solana has been used to create some of the most popular applications on Web 3.0. Some of these applications include Audius, Brave Browser, and StepN, among others. Therefore, there is a likelihood that more Web 3.0 developers will choose Solana for their development.


Third, Solana has a longer growth trajectory than mature Ethereum. In addition, it is a young project that has already found a lot of approval from the developers.


Verdict: Ethereum vs. Solana

In my opinion, Ethereum is still a better investment than Solana. I expect the merger of the Beacon Chain and main Ethereum will result in faster speeds and lower costs. As a result, it becomes a better alternative for developers.

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