Solana (SOL) Outperforms Ethereum (ETH) by This Overlooked Criterion, Analyst Says
U.Today
Published Jan 25, 2024 10:58AM ET
Solana (SOL) Outperforms Ethereum (ETH) by This Overlooked Criterion, Analyst Says
U.Today - Ethereum (ETH) development and scaling narratives might be too complicated for average developers and entrepreneurs yet "intellectually satisfying" for researchers and architects. Compared to clear goals of Solana (SOL), this might look confusing, Alliance DAO's Qiao Wang says.
h2 "One thing ETH marketing department got horribly wrong": Analyst on simplicity and complexity/h2 Endlessly peddling new narratives, new jargons, buzzwordy road maps is a thing that "ETH marketing department" gets wrong, analyst Qiao Wang said to his 133,000 followers on X. At the same time, Solana (SOL) remains loyal to the clear narrative of being the "fastest and cheapest" chain.Wang stressed that the "marketing department" of Ethereum (ETH) should be put in quotes as neither the blockchain nor Ethereum Foundation has a centralized unit responsible for promotional activity.
The ever-increasing range of shared sequencers, bridges, dozens of rollups makes Ethereum (ETH) too complicated to teams only interested in building secure and fast decentralized applications in a resource-efficient way.
While "technocrats and academics" might find this complexity intellectually satisfying, the majority of cryptocurrency project teams remain "pragmatic":
As covered by U.Today previously, Ethereum's (ETH) focus on L2 solutions was also criticized by Cyber Capital CIO Justin Bons. Bons foresees the migration of focus to non-EVM blockchains like Near and MultiversX.
h2 Season of "flippenings"?/h2 At the same time, Wang concludes that these issues can be fixed. Ethereans should just remove the mental friction to become more attractive for developers.In 2024, the crypto sphere is discussing various metrics in which Solana (SOL) surpasses Ethereum (ETH). Last week, Solana (SOL) surpassed the largest smart contracts platform in weekly stablecoin transfers.
Also, in late December 2023, Solana (SOL) flipped Ethereum (ETH) as the most used blockchain for decentralized exchanges (DEXes) in daily and weekly time frames.
This article was originally published on U.Today
Get The News You Want
Written By: U.Today
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.