Widespread crypto analytics and market commentary present InvestAnswers says that Solana ($SOL) is probably going nonetheless the highest competitor for Ethereum ($ETH).
Talking in a current YouTube video, the present’s host informed viewers that he nonetheless considers Solana a hedge towards Ethereum and maintains his “day one thesis” that Solana is a possible “ETH killer.
The host famous that Solana has a horny market capitalization for buyers, roughly 1/twelfth that of Ethereum, regardless of its robust improvement and help.
As reported by The Day by day Hodl, the host outlined extra benefits for Solana:
“The power of Solana, and the rationale why I nonetheless prefer it, is that they’ve probably the most breadth of DApps [decentralized applications] of any chain on the market. They’ve exponential adoption. Quick, cheap, scalable. Regardless of the outage…
“It additionally has Rust, probably the most most popular growing language that’s driving probably the most improvement exercise on any chain. 65,000 [transactions per second]. No want for layer-2s, and SOL DApps have extra day by day lively customers than Ethereum DApps, which is sort of staggering, as a result of Ethereum has about 3,000 DApps and SOL has about 750.”
Whereas InvestAnswers’s host was bullish on Solana, he contended that Ethereum nonetheless held an a variety of benefits, together with its bigger measurement and considerably longer time in the marketplace.
The views and opinions expressed by the writer, or any individuals talked about on this article, are for informational functions solely, and they don’t represent monetary, funding, or different recommendation. Investing in or buying and selling cryptoassets comes with a danger of monetary loss.