Solana’s Explosive Ascent: Why 21Shares Predicts SOL Will Outpace Ethereum in 2024

Key Points

1. Adrian Fritz argues that Solana's smaller size and rapid growth potential give it an edge over Ethereum, despite Ethereum's established ecosystem.

2. Solana's high transaction speed (~65,000 TPS) and low costs contrast with Ethereum's slower speed (~15-30 TPS on L1) and higher gas fees.

3. Ethereum is praised for its decentralization and security, while Solana is noted for its high-performance, low-cost infrastructure, appealing to business-minded developers.

4. Recent crypto trends, such as meme coin activity, have highlighted Solana's efficiency and scalability, boosting its market appeal.

5. Solana faces challenges, including perceived centralization and past network outages, which investors must consider when evaluating its risk profile.