Which blockchain has better meme coins: Solana token or Ethereum?
2 min readSolana has had tremendous traction over the past 12 months, swelling with capital inflows and climbing up in market cap to take its place behind Ethereum – in March it even overtook Binance’s BNB coin on the Binance Smart Chain and is poised to do so again.
Ethereum remains the top dog in decentralized finance (DeFi) and is already benefiting from retail investor excitement over the impending Ethereum ETF approval. This led to a massive, multi-month rally that began around this time before the Bitcoin ETF approval in January and gained tremendous strength to the upside.
Solana Speed vs Ethereum Security
Here’s one that fundamental analysts will like: In a time-limited test using data from Dune Analytics and other blockchain researchers, CoinGecko recently certified Solana as having the highest TPS (transactions per second) among major blockchains : 1,053. Binance Smart Chain (BSC) came in third.
Ethereum ranks far behind Solana, but its slower speed and higher costs are actually key to the leading DeFi network’s adoption by institutions and regulators.
Big companies in the United States love Ethereum because they know the slower and more expensive network is more stable and secure because it costs more and can withstand many cyberattacks. Scalability is a double-edged sword where trade-offs matter.
Institutional Finance: Bullish for ETH and SOL
Franklin Templeton, the San Mateo, California-based global asset management firm with 1.5 trillion USD in assets, is very bullish on Solana.
Bottom line
Both cryptocurrencies are absolute blue-chip blockchain assets that even the least degenerate, integrity-minded, white hat and vanilla investor can add to their portfolio. These days, your Uber driver might mention Ethereum or Solana when the conversation turns to investing. This is good for the more risk-averse crypto investors.
