Solana Set to Surpass Ethereum as DeFi Leader by 2030
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: Fool
- Market Share Competition: Ethereum holds a 53% market share in the decentralized finance (DeFi) sector, while Solana and BNB are tied for second place with a 7% share, indicating that Solana is gradually chipping away at Ethereum's long-standing dominance.
- Volume Breakthrough: Solana's decentralized exchanges now surpass Ethereum in trading volume, largely driven by speculative trading in meme coins, which signifies significant progress in attracting users to the Solana network.
- Institutional Recognition: In high-growth areas like stablecoins and real-world asset tokenization, Solana has emerged as the new go-to blockchain for top corporations and financial institutions, exemplified by Moody's choice to launch its credit ratings for tokenized assets on Solana instead of Ethereum, further solidifying its market position.
- Price Potential Analysis: With Solana currently priced at $70, investment firm VanEck projects a value of $335 in a base-case scenario and over $3,200 in a bull-case scenario, highlighting its immense potential in the DeFi space, although it needs to find a
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
