Posted 2/25/2024, 8:44:00 AM
Ethereum Dominates Solana in Size and Security Despite Solana's Spectacular Growth
- Solana has grown rapidly in the past year, with 900%+ gains vs 90% for Ethereum, fueled by its faster and cheaper transactions
- However, Ethereum still dominates in market cap ($340B vs $45B) and DeFi (60% vs 2.7% of total value locked)
- Ethereum is more decentralized and secure, with 900K validators vs 2K for Solana, and no major network outages like Solana's 6
- Ethereum continues to improve, with upgrades coming that will make it faster and cheaper, closing the gap with Solana
- Both have investment potential, but Ethereum remains the safer bet long-term given its first-mover advantage and larger developer community