Ethereum: Reigning King Despite Solana’s Hype

While Solana attracts attention for its impressive statistics, including record-breaking transaction volumes and high staking numbers, a new study by Sygnum challenges the notion that it can truly dethrone Ethereum. According to the report, Solana’s revenues are too heavily reliant on memecoins, presenting volatility concerns. On the other hand, Ethereum continues to dominate in key areas like DeFi, stablecoin usage, and tokenization, with its established regulatory framework and institutional trust serving as cornerstones of its success.