Wednesday, July 30, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Pantera Capital Researchers Say Solana Will Steal Market Share From Ethereum, Here’s Why | Bitcoinist.com

21 June 2024
in Ethereum
Reading Time: 3 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on Twitter


Analysts at crypto-focused asset supervisor Pantera Capital have made a bullish case for the Solana ecosystem in comparison with Ethereum. They highlighted the community’s development and outlined why Solana is sure to steal a large chunk of the market from Ethereum. 

Why Solana Will Steal Market Share From Ethereum

Of their most up-to-date blockchain letter, Pantera analysts Franklin Bi, Cosmo Jiang, and Eric Wallach highlighted Solana’s “monolithic structure” as the first motive it may steal market share from Ethereum when it comes to blockchain developer exercise. They famous that builders make a blockchain profitable and shared their perception that Solana is now a “main contender for the way forward for blockchain improvement.” 

Curiously, these Pantera analysts likened Solana’s monolithic structure to Apple’s strategy with its “vertically built-in {hardware} and software program stack in macOS.” They imagine Solana’s community design affords a number of advantages, together with seamless person expertise, sooner innovation, and enhanced safety. 

Moreover, the e-newsletter highlighted how Solana’s architectural benefits allow a number of use circumstances and person experiences, which can be more durable to implement on modular blockchains like Ethereum and Cosmos. Particularly, Solana’s capabilities are stated to be beneficial to be used circumstances like content material distribution, decentralized bodily infrastructure networks (DePINs), and central restrict order books (CLOBs).

Bi, Jang, and Wallach went on to present examples of how Solana’s monolithic structure “permits compelling functions.” They talked about the non-fungible token (NFT) drop platform DRiP, whose success they claimed has been primarily because of Solana’s capabilities, which permit them to ship hundreds of thousands of NFTs to collectors worldwide with out incurring vital transaction prices. 

These analysis analysts additionally talked about Hivemapper and Phoenix as examples of functions which have benefitted from Solana’s structure. It’s price noting that asset supervisor Franklin Templeton had additionally beforehand highlighted Solana’s “superior tech” and acknowledged that the community was well-suited for sectors and functions that may drive the following wave of crypto adoption. 

Solana’s Elementary Progress Helps Bullish Case

Pantera talked about that the bullish case for Solana is already taking part in out with key fundamentals like person development and transaction charges skyrocketing. The agency additional famous how Solana has emerged because the go-to platform for retail traders and meme coin merchants. Solana can be stated to have displaced Ethereum’s NFT dominance from the earlier market cycle. 

Solana’s quickly rising person base can be evident within the community’s rise in distinctive lively addresses, which have risen from simply 14,000 in October 2020 and an area backside of 202,000 in October 2023 to virtually 1.34 million. Pantera additionally talked about Solana’s precedence charges, which have “exploded” from beneath $100,000 per thirty days in mid-2023 to an all-time excessive (ATH) of over $60 million in March 2024, additional highlighting the spectacular demand for Solana. 

In the meantime, the hovering quantity on Solana’s decentralized exchanges (DEXs) and the record-breaking variety of token launches are additionally stated to be key fundamentals, which present that Solana is poised to maintain its upward trajectory and seize an outsized share of the market. 

SOL worth drops towards $130 | Supply: SOLUSDT on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com



Source link

Tags: Bitcoinist.comCapitalEthereumHeresMarketPanteraResearchersShareSolanaSteal
Previous Post

Cardano And XRP Shorting Activity Could Act As ‘Rocket Fuel’ For A Rally; Santiment

Next Post

Konami Launches NFT Solution ‘Resella’ on Avalanche Blockchain

Related Posts

Ethereum Institutional Interest Grows After BTCS Inc.’s Massive Purchase Of 14,240 ETH | Bitcoinist.com
Ethereum

Ethereum Institutional Interest Grows After BTCS Inc.’s Massive Purchase Of 14,240 ETH | Bitcoinist.com

29 July 2025
Checkpoint #5: July 2025 | Ethereum Foundation Blog
Ethereum

Checkpoint #5: July 2025 | Ethereum Foundation Blog

30 July 2025
Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs
Ethereum

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

28 July 2025
Ethereum Is Becoming TradFi’s Settlement Layer — Here’s Why | Bitcoinist.com
Ethereum

Ethereum Is Becoming TradFi’s Settlement Layer — Here’s Why | Bitcoinist.com

29 July 2025
Crypto Whales Are Dumping Ethereum For Cardano — What’s Behind The Shift? | Bitcoinist.com
Ethereum

Crypto Whales Are Dumping Ethereum For Cardano — What’s Behind The Shift? | Bitcoinist.com

28 July 2025
Ethereum Sees Uptick Despite Market Pullback, On-Chain Metrics Signal Caution | Bitcoinist.com
Ethereum

Ethereum Sees Uptick Despite Market Pullback, On-Chain Metrics Signal Caution | Bitcoinist.com

26 July 2025
Next Post
Konami Launches NFT Solution ‘Resella’ on Avalanche Blockchain

Konami Launches NFT Solution 'Resella' on Avalanche Blockchain

Ethereum: Long-Term Holders Shape Its Future – CryptoCurrencyNews

Ethereum: Long-Term Holders Shape Its Future - CryptoCurrencyNews

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

2 July 2025
Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

2 July 2025
XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

30 July 2025
Ethereum Leads Futures Rebound As Top Altcoin OI Nears $45B

Ethereum Leads Futures Rebound As Top Altcoin OI Nears $45B

30 July 2025
‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan – The Daily Hodl

‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan – The Daily Hodl

30 July 2025
Market Set to Surge as PayPal Introduces ‘Pay with Crypto’ Feature for 100+ Tokens

Market Set to Surge as PayPal Introduces ‘Pay with Crypto’ Feature for 100+ Tokens

30 July 2025
Uprise Teams Up with HoneyBook to Bring Tax Planning to Small Business Owners – Finovate

Uprise Teams Up with HoneyBook to Bring Tax Planning to Small Business Owners – Finovate

30 July 2025
Strategy Purchases 21,021 Bitcoin After $2.52 Billion IPO

Strategy Purchases 21,021 Bitcoin After $2.52 Billion IPO

30 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$117,839.00-0.67%
  • ethereumEthereum(ETH)$3,797.370.21%
  • rippleXRP(XRP)$3.11-0.54%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$797.90-3.55%
  • solanaSolana(SOL)$179.99-2.11%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$3,792.830.29%
  • dogecoinDogecoin(DOGE)$0.221967-2.00%
  • tronTRON(TRX)$0.3370253.03%