Solana vs. ETH: Can SOL dethrone ETH in the battle for crypto supremacy?

Solana vs. ETH: Can SOL dethrone ETH in the battle for crypto supremacy?

Solana and Ethereum are the quintessential dApp ecosystems, and both are brimming with innovation, highly active communities, and fierce competition between them, leading us to wonder: Who will win the race for crypto dominance in this sector?

If you're in the crypto world, you'll know it's a constant battleground, one where innovative projects emerge and compete for investors' attention and capital. In this epic battle, two titans face off: Ethereum (ETH), the veteran and undisputed leader, and Solana (SOL), the contender that has burst onto the scene. The question that resonates in every corner of the ecosystem is: Can Solana dethrone Ethereum in this battle for crypto supremacy?

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Solana Growth vs. Ethereum Performance

Over the past month, Solana (SOL) and Ethereum (ETH) have demonstrated divergent trajectories, marking significant contrasts in their performance. As of today, April 13, 2025, Solana has experienced an increase of 18,24%, showing an upward trend that has continued over the past 7 days.

Ethereum, on the other hand, has only grown 0,29% over the same period, accentuating Solana's rise in the market. In fact, looking at the charts of both cryptocurrencies, it's clear that Ethereum's price volatility is much higher than Solana's, at least under the market conditions we've seen these past few days.

Analyzing the events

This growth in Solana isn't simply a market fluctuation; it reflects an increase in transactions and network usage. A sign of this is the SOL/ETH pair, which reached its highest level since its inception, closing above 0,08207, indicating a capital rotation toward Solana. Investors are showing greater confidence in Solana's short- and medium-term potential, which translates into an injection of liquidity into its ecosystem.

This shift in market sentiment is further evidenced by examining liquidity flows. Over the past week, Solana saw a positive net inflow of $25,4 million, while Ethereum saw a negative net outflow of $8,8 million. All of this, according to public data from Artemis Terminal.

This difference underscores the growing investor preference for Solana, driven by its superior performance and the perception of greater growth potential.

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New record and increased interest in SOL

On the other hand, the recent close of the SOL/ETH pair is not just a numerical milestone, but a clear indication of a shift in market dynamics. This new all-time high signals that investors are redistributing their capital, moving from Ethereum to Solana, anticipating stronger performance from the latter in the near future.

This strategic capital move reflects growing confidence in Solana's ability to deliver innovative and efficient solutions in the cryptocurrency space. Solana's transaction speed and low fees position it as an attractive alternative to Ethereum, especially for applications requiring high performance and scalability. Essentially, this increased interest translates into renewed optimism about Solana's future and its potential to challenge Ethereum's dominance.

Interest in SOL is also reflected in the increase in activity on the Solana blockchain, with an increase in the number of daily active addresses. This increase in activity suggests that more users are using the Solana network to transact, interact with decentralized applications, and participate in the Solana DeFi ecosystem.

Furthermore, daily active addresses are a key indicator of a blockchain network's health and growth. A steady increase in the number of active addresses suggests that the network is gaining traction and being adopted by an increasing number of users. This increase in adoption can lead to a higher value for the network's native cryptocurrency, in this case, SOL.

Factors behind Solana's growth

Solana's market share growth has been driven largely by a significant increase in activity within its blockchain. Recently, daily active addresses reached 6,2 million, marking the highest level since February 2025. This increase underscores growing interest in the market, indicating that a greater number of users are actively interacting with the network. This increase in user engagement naturally drives demand for SOL.

Furthermore, daily transaction volume on Solana has seen a notable increase, reaching a peak of 96,1 million transactions, a considerable increase from the low of 69,5 million recorded on March 1, 2025. This increase underscores the growing market strength and expanding usage of the Solana network. This ability to handle high transaction volume without compromising speed or efficiency has been a key factor in Solana's growing popularity.

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The supply of stablecoins on Solana has reached $12,6 billion, a level not seen since February 2025. This increase in stablecoin supply means a growing demand for their use on the network, contributing to SOL's growth potential and value over time. A larger supply of stablecoins provides greater liquidity to the Solana ecosystem, making it easier for users to trade and use SOL.

Stablecoins are cryptocurrencies whose value is pegged to a stable asset, such as the US dollar. They provide stability in the volatile cryptocurrency market and are often used as a medium of exchange and store of value. The availability of stablecoins on a blockchain network makes it easier for users to participate in DeFi activities, such as lending and borrowing.

Positive market response to Solana

The market response to Solana's recent activity has been remarkably positive. After a two-day selling period, during which $95,54 million was withdrawn from the market, spot traders have resumed buying assets, clearly indicating renewed interest in Solana.

This resurgence of interest from spot traders can be interpreted as a sign of confidence in Solana's ability to deliver solid returns in the future. The resumption of buying, after a brief period of uncertainty, suggests that investors see value in Solana and are willing to bet on its long-term potential. This renewed optimism could further boost SOL's price and cement its position as one of the leading cryptocurrencies in the market.

After all, market signals are always there; seeing and analyzing them is part of the knowledge you can learn from us as traders and enthusiasts.

Future impact on SOL and ETH prices

Ultimately, it's clear that if on-chain activity continues to favor bulls and spot traders' accumulation persists, Solana is poised for a further rally. This scenario is based on the premise that increased demand, driven by network activity and positive market sentiment, will exert upward pressure on SOL's price. Continued capital inflows and increased adoption could lead Solana to new all-time highs, cementing its position as one of the leading cryptocurrencies in the market.

On the other hand, Ethereum faces the challenge of regaining investor confidence and demonstrating its ability to maintain its dominance in the cryptocurrency space. The recent drop in ETH's price and the outflow of liquidity from its ecosystem are warning signs that cannot be ignored. Ethereum needs to address its scalability and transaction cost issues to remain competitive. The successful implementation of continuous improvements to its network are critical to the platform's future.


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