Ethereum vs Solana Competition Intensifies as SOL Sees Notable Growth in Transactions
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Ecosystem Comparison: Ethereum's Total Value Locked (TVL) stands at approximately $53.2 billion, while Solana's TVL is only about $2.54 billion, highlighting Ethereum's dominance in the decentralized finance (DeFi) space, despite Solana's user growth.
- Transaction Speed Advantage: Solana processes over 50,000 transactions per second, compared to Ethereum's roughly 30 transactions per second in its 1.0 version, making Solana more attractive for high-performance applications.
- Cost Disparity: As of July 2022, Ethereum's average transaction fee was around $0.09, while Solana's fee was just $0.000014, significantly lowering user transaction costs and driving user growth for Solana.
- Market Capitalization: Ethereum's market cap is approximately $305 billion, making it the second-largest cryptocurrency, while Solana's market cap is around $43 billion, indicating that despite gaining attention, Solana still lags far behind Ethereum.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
