Ethereum is out and Solana is in.
Ethereum, its mess of layer-2s and neverending scaling roadmap are doomed to be usurped by its younger “monolithic” rival.
At least, that’s what the rabblers on X are saying.
The sagging ETH-to-BTC ratio surely isn’t helping. Bitcoin has swelled 160% this year, while ETH hasn’t even doubled. Anyone who sold their bitcoin for ether in January would’ve so far lost a quarter of their BTC on that trade.
Solana’s bitcoin ratio is up more than 300%. SOL’s dollar price is now 10 times what it was at the start of the year, although it’s still down almost two-thirds from its record high at the top of the last bull market.
Solana truthers would also point to the network’s cheap fees and engaged community, which have lately inspired a boom in Solana-native NFTs, memecoins and decentralized exchanges. Solana even flipped Ethereum for DEX volume for the first time earlier this…
