Institutional interest is driving Solana’s surge in developer activity, signaling potential disruption to the Ethereum ecosystem. Cathie Wood of ARK Invest highlights Solana’s growing developer base, which surpassed Ethereum’s onboarding numbers for the first time this year. This shift aligns with institutional backing from firms like VanEck and Grayscale, further solidifying Solana’s position as a competitive alternative to Ethereum. 7,625 new developers joined Solana in 2024, a significant increase compared to Ethereum’s annual onboarding figures. This momentum mirrors the developer influx seen in previous blockchain innovations like Polkadot and Cosmos, potentially accelerating Solana’s growth trajectory. If this trend continues, Solana’s continued investment in infrastructure could solidify its status as a leading platform for innovation.