Solana's (SOL) expansion has been exponential since its 2020 release. SOL has even exceeded other well-known coins available on the market, like Cardano (ADA), Tron (TRX), and Ripple (XRP). While this talk has been on for three years, the recent Standard Chartered projection of Solana flipping Ethereum Should Donald Trump win the US election has rekindled the debate. However, given the significant market cap differences, many believe 2024 and 2025 are still too early for Solana to oust Ethereum, so most SOL traders are focusing on what 2026 might bring for the coin in its struggle for the ETH crown.
Solana (SOL) vs. Ethereum (ETH): A Race to Finish in 2026?
While many available predictions are speculative, we have decided to go for key metrics in our analysis. Here is how they fair against each other:
Transaction Fees
One area in which Solana (SOL) has led is its low transaction costs. Its gas fee average cost is $0.00025 per transaction. On the other hand, the Ethereum (ETH) gas fee is very high, depending on network demand. This has drawn criticism over the years. Ethereum fees have even jumped as high as $50 per transaction before, although they are currently at $1.051. This notable difference has been a selling point for Solana, helping it attract more users.
Transaction Speed
Another factor that has led to Solana's amazing expansion and appeal is its transaction speed. Solana can perform an astounding 65,000 transactions per second (TPS) when compared to Ethereum's present capability of 15–30 TPS. Even if Ethereum intends to solve this through network upgrades, Solana will lead in transaction speed for now and continue to attract developers who use this capability.
Ecosystem Growth
They have both excelled in different areas of ecosystem growth. Ethereum leads Solana in the NFT space, as the most valuable and notable projects are built on it. On the other hand, Solana has gained traction through meme coins with successful projects like Book of Meme (BOME), Dogwifhat (WIF), and Bonk (BONK) dominating the meme scene in 2024 with their mega rallies. However, recent Ethereum-based meme coins like Pepe Coin (PEPE) and Neiro (NEIRO) have mounted great challenges in the industry. Also, Solana has seen several partnership deals and endorsements with notable companies like Visa and Citibank, further boosting its appeal.
ETF Launch
Ethereum's launch of exchange-traded funds (ETFs) in 2024 also puts it several steps ahead of Solana. While there have been hopes for a Solana ETF, this may take years because, unlike BTC and ETH, SOL is listed on the CME market, which lacks a developed futures market. The United States SEC considers this when approving an ETF; hence, Solana may face drawbacks.
Current Price and Future Predictions
As of October 16, 2024, Solana is trading at $154, while Ethereum is changing hands at $2610. Changelly, an on-chain price monitoring platform, forecasts that Ethereum will reach between $5,000 and $9,850, while Solana's price will fall between $500 and $1,000. Apart from the areas where Ethereum outperforms Solana, a major influence is the huge difference in market capitalization. ETH's market cap is over $300 billion, while SOL's is less than half, at over $70 billion. Covering this gap before 2026 is very unlikely. While Solana and Ethereum are undeniably formidable cryptocurrencies, a rising crypto is poised to challenge their success. Rexas Finance aims to be a leader in real-world assets (RWAs)
Rexas Finance (RXS) Offers a New Dimension to Investment
Following its goals to provide fractional ownership to investors, Rexas Finance tokenizes high-value assets like commodities, real estate, arts and collectibles, and financial assets.
Following its introduction on September 8, Rexas Finance's presale has gained wide acceptance. Within a month, Rexas Finance has completed 3 presale phases, and it is over 73% done with Stage 4, raising over $3.7 million. With both Solana and Ethereum fees now out of reach for low-budget investors, Rexas Finance is a potent alternative. At an expected listing price of $0.20, Rexas Finance provides investors with a low-cost, high-potential opportunity to leverage the opportunity in both the blockchain and RWA sectors. Furthermore, unlike Ethereum and Solana, which capitalize on blockchain technology, Rexas Finance, leveraging the RWA market valued at $500 trillion, has the potential for rapid and high market cap growth. Recent research projects 50x RWA market sector expansion by 2030, so RXS can meet and even exceed early SOL expansion. With its recent listing on Coinmarketcap, Rexas Finance has expanded its reach and provided transparency about RXS token price movement, removing initial doubts about several new projects. Complementing this reach is the ongoing $1 million giveaway, which will see 20 individuals win $50,000 worth of RXS tokens. With a listing price set at $0.20, experts predict Rexas Finance might go parabolic, dwarfing Solana’s 2021 bull rally. This positions Rexas Finance as a must-have coin for investors targeting huge returns.
Conclusion
Unquestionably a successful project, Solana (SOL) has exceeded expectations with its amazing rise since its launch. Though this might occur later, it is unlikely to flip Ethereum (ETH) by 2026. Meanwhile, Rexas Finance is currently in its presale stage and charting its path toward dominance. Anchored in the Real World Asset (RWA) sector, Rexas Finance's goal is to provide fractional ownership of these assets with a market cap of $500 trillion. Its competitive features and low cost bring up a compelling case for its potential to surpass top cryptos like Ethereum and Solana in no time.
About Rexas Finance:-
Website: https://rexas.com
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
