{"id":29925,"date":"2024-09-26T13:00:58","date_gmt":"2024-09-26T10:00:58","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=29925"},"modified":"2024-09-26T09:24:51","modified_gmt":"2024-09-26T06:24:51","slug":"vaneck-report-projects-solana-could-hit-330-growi","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/vaneck-report-projects-solana-could-hit-330-growi\/","title":{"rendered":"VanEck Report Projects Solana Could Hit $330, Growing to 50% of Ethereum’s Market Cap"},"content":{"rendered":"

Solana (SOL)<\/strong> might achieve a price of $330 and expand to 50% of Ethereum’s present market capitalization according a Sept. 25 VanEck<\/strong> analysis. Solana’s far faster transaction processing power forms the basis of this expectation mostly.<\/p>\n

The research states that Solana’s TPS\u2014processing hundreds of thousands of transactions per second\u2014is 3,000% more than Ethereum’s TPS. Solana<\/strong> also boasts daily active users of 1,300% more than Ethereum’s and transaction fees over 5 million percent less. Especially for distributed finance (DeFi) activities including stablecoins, Solana is an appealing platform for payments and transfers because in large part to its key speed and cost efficiency advantages.<\/p>\n

According to the paper, institutional investors have not yet completely embraced Solana even while retail investors are starting to see its ability to challenge Ethereum as a top smart contract platform. VanEck reasoned that this lag in institutional adoption could result from a taste for more established assets like Ethereum ( ETH) over the more younger Solana.<\/p>\n

VanEck published a report clarifying Ethereum’s price standstill earlier in September 2024, attributing it on value extraction from Ethereum’s layer-2 systems. Following Ethereum’s Dencun update in March 2024, these second-layer solutions became popular and have drastically lowered transaction costs on Ethereum layer-1, therefore drastically declining Ethereum layer-1 revenue. But in recent weeks Ethereum’s network fees have somewhat recovered.<\/p>\n

VanEck also observed that Ethereum’s problems stem from user migration to quicker layer-1 systems like Solana and Sui (SUI). Ethereum still gains from its first-mower advantage, but VanEck cautioned that this edge is fast declining in response to competition from more efficient platforms like Solana.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our<\/span><\/i> Telegram,<\/span><\/i><\/a> YouTube<\/span><\/i><\/a>, and<\/span><\/i> Twitter<\/span><\/i><\/a> channels for the latest<\/span><\/i> news<\/span><\/i><\/a> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Solana (SOL) might achieve a price of $330 and expand to 50% of Ethereum’s present market capitalization according a Sept. 25 VanEck analysis. Solana’s far faster transaction processing power forms the basis of this expectation mostly. The research states that Solana’s TPS\u2014processing hundreds of thousands of transactions per second\u2014is 3,000% more than Ethereum’s TPS. Solana<\/p>\n","protected":false},"author":6,"featured_media":29926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1],"tags":[8790,319,1145],"class_list":["post-29925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","tag-report","tag-solana","tag-vaneck"],"yoast_head":"\nVanEck Report Projects Solana Could Hit $330, Growing to 50% of Ethereum's Market Cap - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/vaneck-report-projects-solana-could-hit-330-growi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VanEck Report Projects Solana Could Hit $330, Growing to 50% of Ethereum's Market Cap - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Solana (SOL) might achieve a price of $330 and expand to 50% of Ethereum’s present market capitalization according a Sept. 25 VanEck analysis. 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