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Crypto: Pantera Capital Sees Solana As A Serious Future Rival To Ethereum

Sun 23 Jun 2024 ▪ 3 min of reading ▪ by Mikaia A.
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Analysts from Pantera Capital, Franklin Bi, Cosmo Jiang, and Eric Wallach, have recently presented Solana as a real threat to Ethereum. Thanks to its monolithic architecture, Solana is on the verge of establishing itself as a leading blockchain, capable of capturing a significant share of the market dominated by Ethereum.

Course de rallyers F1 avec logos Solana et Ethereum

Solana: The “Ethereum Killer” Activated

Solana positions itself as a serious “Ethereum Killer”, thanks to a monolithic architecture that recalls the integrated approach of Apple with macOS.

According to Pantera Capital, this design gives Solana notable advantages: a seamless user experience, accelerated innovation, and enhanced security.

These characteristics make Solana particularly attractive to developers, the cornerstone of any blockchain’s success.

The NFT deposit platform DRiP, for example, benefits from Solana’s capabilities to send millions of NFTs at reduced fees, demonstrating the network’s technological superiority.

Pantera also highlights the versatility of Solana, issuer of the SOL crypto, capable of supporting various use cases challenging to implement on modular blockchains like Ethereum.

Projects such as Hivemapper and Phoenix show how Solana’s monolithic architecture allows for the development of innovative applications.

Additionally, Franklin Templeton had already highlighted Solana’s advanced technology, describing it as ideal for the next waves of crypto adoption.

As a result, Solana is emerging as a major player ready to reshape the landscape of blockchain and crypto.

Growth of Solana: The Numbers Speak for Themselves

The rise of Solana is not limited to technological promises. Solana’s fundamentals show impressive growth, consolidating the bullish argument.

The number of unique active addresses on the network has increased from 14,000 in October 2020 to nearly 1.34 million recently. At the same time, Solana’s priority fees have exploded, reaching a historic high of over $60 million in March 2024, signaling growing demand.

The trading volume on Solana’s decentralized platforms and the record number of crypto launches bolster this momentum. Solana has even established itself as the preferred platform for retail crypto investors and meme traders, surpassing Ethereum in NFT volume.

These indicators show that Solana is not just a theoretical competitor but an expanding player ready to capture a significant share of the crypto market.

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Mikaia A. avatar
Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.