The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Solana (SOL) vs. Ethereum: Analyst Pits ETH Against One of Its Biggest Competitors

by Daily Hodl Staff
August 30, 2022
in Altcoins, Ethereum

A popular crypto analyst is examining how one upstart blockchain designed for scalability compares to the leading smart contract platform.

In a new video, the anonymous host of InvestAnswers provides his 444,000 YouTube subscribers with a detailed analysis comparing Ethereum (ETH) with rival Solana (SOL).

The host first considers technical metrics as transactions per second (TPS) and number of decentralized applications (DApps) built on each project’s respective blockchain.

“Solana wins TPS. Fees are a tie, even though Solana is still cheaper. Technology, Solana we believe is better, even though it has bugs [and] it’s still in beta.

Ecosystem, Ethereum has the edge. It’s been around much longer and has much more.

Daily active users and breadth of DApps, Solana slight edge. Therefore, Solana is the winner.”

The analyst goes on to look at overall market caps, noting that Solana’s significantly smaller size compared to the valuation of Ethereum plus blockchain scaling solution Polygon (MATIC) suggests that SOL is significantly undervalued relative to ETH.

“This is the million-dollar question. If you look at value hunting… I uncovered things like Tesla [and] Google before they had big runs and that’s the key here. You’ve got to get into stuff early before they have big runs.

If you look at the relative value of this asset compared to others, let’s just look at market caps. If you combine the market cap of Ethereum and MATIC, it is over 17 times larger than that of Solana. Does it do 17 times more? No. That’s my thesis.”

Source: InvestAnswers/YouTube

The InvestAnswers host next digs into what comprises each project’s ecosystem, starting with Ethereum which dates back to 2015.

“Ethereum has a vast ecosystem. I estimate it is over three times the size of the Solana ecosystem. It’s like 3,000 DApps versus about a thousand DApps, but since Ethereum was the first successful smart contract platform, it had a huge head start, nearly five years over all other protocols in the smart contract space, the layer-1 space…

Ethereum’s long-term strategy is very favorable since this technology is not only disruptive, but also based on its platform with incredible growth potential and has the largest development community of all cryptos.”

The analyst notes that Solana, which was founded in 2017 and created its first block in 2020, remains in the early stages despite experiencing meteoric growth as a top-10 cryptocurrency. He expects the project will continue to mature and gain further market share from Ethereum.

“Solana, however, is catching up in this aspect. Some [of it] still very nascent stage, has about a billion dollars in TVL [total value locked]. I think it’s $1.4 billion or something right now, and this is small compared to the $35 billion on Ethereum.”

At time of writing, Ethereum is up 7.74% on the day and priced at $1,530. Solana is up nearly 7% and trading for $31.96.

I

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/studiostoks

Submit a Press Release

Industry Announcements

  • WOW EARN Unveils Layer One Blockchain, Redefining Efficiency and Global Accessibility
    December 5, 2023
  • LandX Closes Private Round Securing Over $5 Million in Private Funding
    December 4, 2023
  • Chromia Confirms Mainnet Release in 2024
    December 4, 2023
  • CAGA Crypto – Decentralized Financial Movement Unveiled on MEXC and Bitget
    December 4, 2023
  • TMNG Tokens Successfully Listed on MEXC Crypto Exchange
    December 1, 2023
  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$43,216.58
$43,216.58
1.75%
Ethereum
$2,236.17
$2,236.17
1.61%
Cardano
$0.437516
$0.437516
1.23%
XRP
$0.630991
$0.630991
0.39%
Dogecoin
$0.094268
$0.094268
8.47%

Spotlight

  • Arthur Hayes Says Capital About To Flood Into Bitcoin (BTC) From China – Here’s Why
    November 30, 2023
  • Chainlink Flashing Bullish Signal As Massive Amount of Dormant LINK Abruptly Moves, According to Santiment
    November 30, 2023
  • Bitcoin Setting Up for One More Rally To Bait BTC Bulls, According to Crypto Analyst – Here’s His Outlook
    November 30, 2023
  • Circle’s USDC Expands to Cosmos Through New Cross-Chain Transfer Protocol
    November 30, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl