Ethereum's Rival Solana Poised for Superiority, According to Leading Venture Capitalist
Check Out Solana's Gains on Google News: Qiao Wang Predicts a Shift in Dominance* Solana (SOL) on the Rise: Challenging Ethereum (ETH) in the Crypto Arena
Cryptocurrency guru Qiao Wang, well-known analyst and co-founder of Messari, has shared some intriguing insights from Alliance DAO's funding apps data. Ethereum (ETH) has been losing its grip for an astounding 30 months, but it's the unexpected contenders that have everyone talking.
Solana (SOL): Prepared to Steal the Crown from Ethereum (ETH)?
When it comes to projects vying for funding in Alliance DAO, Solana (SOL) and Ethereum (ETH) are neck and neck in 2025. But it's Solana's momentum that might tip the scales soon, potentially making it the largest chain for newcomers.
According to charts provided by Wang, Ethereum's (ETH) share in the metric plummeted below 50% for the first time ever in H1, 2025. Solana (SOL), on the other hand, has been steadily climbing since late 2022, even after the FTX collapse.
Cryptocurrencies Under Scrutiny: Polkadot (DOT), Filecoin (FIL), Cosmos (ATOM), BNB Smart Chain (BSC), Bitcoin (BTC), Avalanche (AVAX), Sui (SUI), and Aptos (APT) also made the list.
Despite facing fierce criticism, Polkadot (DOT) has managed to maintain its position in the top 10 for projects seeking funding. Others in the elite club include Filecoin (FIL), Cosmos (ATOM), BNB Smart Chain (BSC), Bitcoin (BTC), Avalanche (AVAX), Sui (SUI), and Aptos (APT).
Ethereum (ETH) vs. Solana (SOL): The Battle for TVL
Although Ethereum (ETH) still rules the roost when it comes to certain metrics, with over $52 billion in TVL, Solana (SOL) lags behind with just 7.77%. In terms of active addresses, Ethereum (ETH) lags behind Solana (SOL), Tron (TRX), and is on the verge of slipping beneath BNB Smart Chain (BSC).
However, for specific metrics, Ethereum (ETH) remains the star among programmable networks. With over half of global DeFi TVL, Ethereum continues to control the market, although Solana is closing the gap.
Solana (SOL): Setting the Pace in 2025
Solana's impressive performance is largely due to its technical advantages and changing market dynamics.* Solana processes a staggering 50-60 million daily transactions at a low cost of just $0.004-0.006 per transaction, while Ethereum manages just 1-1.3 million daily transactions with an average fee of $0.17.* Solana's proof-of-history consensus enables speeds "nearly 10,000x faster than Bitcoin" and twice as fast as Ethereum.
Future Outlook: Will Solana Dominate?
Although Solana exhibits high price volatility, its ecosystem growth remains robust. While ETH prices have plummeted, Solana continues to perform. However, Ethereum's $46-52B TVL and 51.42% DeFi market share indicate a prolonged rivalry rather than an immediate coup for Solana. Current trends suggest that Solana may dominate the retail and high-throughput sectors, while Ethereum focuses on enterprise adoption.
- Qiao Wang, a notable cryptocurrency analyst, predicts a shift in dominance as Solana (SOL) gains momentum and challenges Ethereum (ETH) in the crypto arena.
- In funding apps data from Alliance DAO, Solana (SOL) and Ethereum (ETH) are neck and neck in 2025, with Solana's momentum potentially making it the largest chain for newcomers.
- Ethereum (ETH)'s share in the metric plummeted below 50% for the first time ever in H1, 2025, while Solana (SOL) has been steadily climbing since late 2022.
- Besides Ethereum (ETH) and Solana (SOL), Polkadot (DOT), Filecoin (FIL), Cosmos (ATOM), BNB Smart Chain (BSC), Bitcoin (BTC), Avalanche (AVAX), Sui (SUI), and Aptos (APT) are among the projects vying for funding.
- Even after the FTX collapse, Solana (SOL) has managed to maintain its pace, presenting a challenge to Ethereum (ETH)'s dominance.
- Ethereum (ETH) still leads in certain metrics, such as TVL with over $52 billion, but Solana (SOL) lags behind with just 7.77%.
- Solana (SOL) processes a significant number of daily transactions at a low cost, outperforming Ethereum (ETH) in terms of speed and cost efficiency.
- The future outlook suggests that Solana (SOL) may dominate the retail and high-throughput sectors, while Ethereum (ETH) focuses on enterprise adoption, indicating a prolonged rivalry rather than an immediate coup for Solana.
