According to Charles Hoskinson, the race between Solana and Ethereum looks different depending on the time frame. Solana may win ground quickly because it moves fast. Ethereum looks set to aim for a broader, slower build that could matter more later.
Short-Term Gains For Solana
Solana’s appeal is plain. Its network pushes a lot of transactions every day and it can adopt upgrades more quickly, Hoskinson said. That speed has helped projects bring tokenized stocks and other finance tools onto the chain.
Reports have disclosed that the total value of tokenized equities on Solana recently hit about $185 million. Platforms such as xStocksFi, Superstate, and Remora Markets are among those building there. For traders and some institutions, low fees and high throughput are hard to ignore.
A Large Financial Gap Remains
Still, there are big differences under the surface. Solana’s total value locked and stablecoin use sit at about 10% of Ethereum’s levels. That gap means the kinds of financial activity seen on Ethereum are not yet matched on Solana.
