Crypto Currency Tracker logo Crypto Currency Tracker logo
NewsBTC 2025-09-30 07:00:42

Solana Gaining Ground On Ethereum: These Key Metrics Show Colossal Growth

In recent months, Solana (SOL) has emerged as a formidable competitor to Ethereum (ETH), consistently outpacing its larger rival in various key metrics. Analysts from The Motley Fool have highlighted that while Solana is sprinting ahead, Ethereum seems to be trotting along in comparison. Ethereum’s Market Lead May Be At Risk A particularly telling metric in this competition is the total value locked (TVL) within each ecosystem. TVL serves as an indicator of the capital deposited in a blockchain’s decentralized applications (dApps) and smart contracts. A higher total value locked often signifies greater value within the ecosystem, reflecting growing user engagement and investment. Over the past year, Solana has seen its total value locked soar by approximately 198%, reaching around $38.5 billion. Related Reading: Bitcoin Could Go To Zero, Hedge Fund CEO Warns Meanwhile, Ethereum has also doubled its total value locked, which now stands at approximately $362.7 billion. However, the growth rate of Solana’s ecosystem outpaces that of Ethereum, signaling a shift in user activity and interest. Despite Ethereum’s substantial lead in TVL, particularly in the stablecoin sector where it hosts around $161.1 billion compared to Solana’s $12.9 billion, the rapid growth of Solana’s ecosystem raises questions about its long-term market share. The Motley Fool analysts suggest that if this trend continues, Solana could capture a significant portion of the market currently dominated by the Ethereum blockchain. Solana To Dominate The Tokenized Stock Market? One of the key factors contributing to Solana’s growth is its advantage in transaction speed and cost. As the market and interest for real-world asset (RWA) tokenization expands, Solana is said to be positioned as a preferred platform for issuing and trading tokenized stocks. This segment of the tokenization market is continuously gaining traction, and Solana has already accumulated $69.2 million in tokenized stock value within just the last three months. In contrast, Ethereum holds $274.8 million in tokenized stocks, but much of that flow occurred only recently. Related Reading: XRP Explosion Ahead? Analysts Outline Longevity And Bold $200 Target Moreover, Solana’s total tokenized assets grew by 35% to reach $671.4 million in just 30 days ending on September 24, while Ethereum’s tokenized asset value saw only a modest 2% increase, reaching $9 billion. The analysts concluded by stressing that the asset tokenization market is still in its early stages, and Solana appears well-positioned to capitalize on this opportunity. When it comes to price growth, Ethereum is in the lead, having risen by over 50% year-to-date, compared to Solana’s 33% increase in the same period. At the time of writing, the price of SOL hovers just above the $209 mark, representing a 28% gap between current valuations and its record high of $293. Featured image from DALL-E, chart from TradingView.com

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.