According to Cointelegraph, the latest research by cryptocurrency bank Sygnum indicates that Solana has not yet shown sufficient evidence to replace Ethereum as the preferred blockchain for institutions. The report shows that Solana's revenue stability has been questioned due to its high dependence on Meme coin trading. In contrast, Ethereum still has significant advantages in terms of security, stability, and institutional recognition. The data shows that the actual revenue scale of Ethereum is 2-2.5 times that of Solana. It is worth noting that the transaction fees generated by the Solana network mainly flow to verification nodes and have not been effectively converted into an increase in the value of SOL tokens. In March of this year, the Solana community rejected a proposal to lower inflation rates, reflecting its conservative attitude towards token economy reform.
The report also points out that if Solana can make breakthroughs in more stable revenue areas such as stablecoins and tokenization, there is still an opportunity to catch up with Ethereum. At present, Ethereum maintains a leading position in institutional application scenarios, which have received widespread support from traditional financial institutions.
