Solana may hit $330 and reach 50% of ETH market cap — VanEck research
Solana uses a monolithic structure that allows the network to capitalize on the speed and efficiency absent from modular blockchains.
A Sept. 25 report from VanEck predicts that Solana (SOL) may reach $330 and balloon to 50% of Ethereum’s (ETH) current market capitalization driven primarily by Solana’s superior speed and transaction processing metrics.
The report cited Solana’s throughput, which can process thousands of transactions per second (TPS) and is 3,000% higher than Ethereum’s TPS. Solana’s daily active user count is 1,300% higher than Ethereum’s and transaction fees are nearly 5 million percent cheaper on the Solana network.
Solana’s stark advantage in speed and cost efficiency gives it a significant leg-up on Ethereum for payments and remittances, the report’s authors argued. Stablecoins, in particular, were noted as major drivers of decentralized finance activity that could leverage Solana’s superior processing metrics to pass on cost savings to users.
Solana uses a monolithic structure that allows the network to capitalize on the speed and efficiency absent from modular blockchains.
A Sept. 25 report from VanEck predicts that Solana (SOL) may reach $330 and balloon to 50% of Ethereum’s (ETH) current market capitalization driven primarily by Solana’s superior speed and transaction processing metrics.The report cited Solana’s throughput, which can process thousands of transactions per second (TPS) and is 3,000% higher than Ethereum’s TPS. Solana’s daily active user count is 1,300% higher than Ethereum’s and transaction fees are nearly 5 million percent cheaper on the Solana network.Solana’s stark advantage in speed and cost efficiency gives it a significant leg-up on Ethereum for payments and remittances, the report’s authors argued. Stablecoins, in particular, were noted as major drivers of decentralized finance activity that could leverage Solana’s superior processing metrics to pass on cost savings to users.Read more