Ethereum
Pantera Capital says Solana is poised to gain market share from Ethereum and other competitors – here’s why
Analysts at crypto hedge fund Pantera Capital believe Solana (GROUND) could soon start taking market share away from Ethereum (ETH) and other layer 1 competitors.
In its latest Blockchain Letter, Pantera analysts Franklin Bi, Cosmo Jiang and Eric Wallach say that Solana’s monolithic architecture gives it a considerable advantage over other blockchain projects.
“Solana’s monolithic design and relentless focus on optimization deliver distinct benefits in user experience, developer agility, and security. As the blockchain industry matures, these strengths allow Solana to thrive and gain market share from competing ecosystems.
While the road ahead is not without its challenges, the fundamentals of Solana are firing on all cylinders. Retail adoption is booming, developers are rushing to create game-changing apps, and value capture is accelerating. As its ecosystem continues to evolve and mature, Solana’s architectural advantages and vibrant community point to a bright future.
Analysts say several indicators point to Solana becoming a preferred ecosystem, including increased token launches, DEX usage, and staking rewards.
“The case for Solana is playing out in real time, with key fundamentals such as user growth and transaction fees accelerating rapidly…
Overall, the combination of Solana’s expanding retail user base, record token launches, dominant DEX (decentralized exchange) growth, and increasing staking rewards presents a compelling fundamental argument . Solana’s architectural advantages allow it to capture an outsized share of new demand entering the blockchain space, accelerating its rise as a rival to Ethereum.
Source: Pantera Capital
Solana is trading at $136 at the time of writing, up 1.6% in the last 24 hours.
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