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Solana can’t expect to beat Ethereum in the medium term if its revenues are too tied to memecoins, says crypto banking group Sygnum.

Memecoins have been on a tear since migrating to Solana from Ethereum. Solana’s pump.fun gave anyone the ability to spin up a token in minutes, and users leaned in hard.

Build on Bitcoin’s Alexei Zamyatin said the winner of Bitcoin DeFi will end up winning the entire DeFi market due to Bitcoin’s massive 300 million user base.

While Ethereum remains the dominant smart contract platform, Solana focuses on high-speed, low-cost transactions and real-time applications.

While Solana is currently “faster, cheaper and easier to use,” according to Kling, Ethereum’s long-term positioning could be strengthened by Solana’s current struggles.

11:21 PM · Feb 18, 2025 34 Reply Read 17 replies While promising Solana-like efficiency, Bitcoin Pepe boasts a unique advantage due to its access to Bitcoin’s dormant and massive liquidity.