Can Solana Overtake Ethereum's Market Cap? 3 Reasons It May
Solana (SOL) and Ethereum (ETH) are two rivaling blockchain networks that have their own strengths and weaknesses. Ethereum (ETH) has clearly been a more popular choice in the last few years, with more applications built. Solana (SOL), however, could quickly close the gap and overtake ETH’s market cap in the long run. Let’s look at three reasons why. 3 Reasons Why Solana Could Overtake Ethereum’s Market Cap Source: Coinpedia Solana’s (SOL) biggest selling point is its lower transactions fees. Solana (SOL) typically charges less than $0.01. Ethereum (ETH), on the other hand, could charge from $1 to tens of dollars for each transaction. The low fee makes the SOL network attractive for gaming, micro-transactions, NFT marketplaces, consumer applications, etc. Not only are transactions on Solana (SOL) cheaper, but they are also significantly faster than on the Ethereum (ETH) network. Ethereum (ETH) can do about 15–30 transactions per second on its layer 1 network. Solana (SOL), meanwhile, c...