The lines between traditional finance and crypto finance continue to blur, and that’s good news for blockchain networks such as Ethereum (CRYPTO: ETH).
It has become the top crypto for decentralized finance (DeFi), and it’s not even close
However, top blockchain rival Solana (CRYPTO: SOL) is rapidly gaining on Ethereum. So much so, in fact, that I’m predicting that Solana will become the top crypto for decentralized finance by 2030. Solana versus Ethereum Ever since Solana launched back in 2020, it has been highlighted as a potential “Ethereum-killer.” This is primarily due to the fact that Solana offers blazing-fast transaction processing speeds and cheaper costs.
In November 2023, Cathie Wood of Ark Invest specifically pointed to Solana’s disruptive potential. Nearly three years later, Solana is finally starting to deliver on its early promise. Trading volume on its decentralized exchanges now surpasses that on Ethereum’s decentralized exchanges.