Ethereum

Reserve Dollar

Solana

Polygon

<h4>If FTX owns a ton of your tokens, then your project MUST be in trouble right? Or your project is a piece of trash, right? WRONG. <a href="https://www.altcoinbuzz.io/?s=FTX" target="_blank" rel="noopener">FTX</a> holds a big stake in Solana. And even with all the potential sale pressure on those 57 million tokens, Solana’s price isn’t tanking.</h4> 
In fact, it’s UP 17% just in the last 3 months. By the way, if you are a concerned holder, the average token unlock for these is near the end of 2025, according to <a href="https://messari.io/report/state-of-solana-q3-2023" target="_blank" rel="noopener">Messari</a>. So, this is just one more piece of evidence that we think the worst is over for Solana. It has the potential to grow more than ETH and many other projects in the next year. Come find out why! 
<h5>Why SOL Will Outperform ETH?</h5> 
As many of you know by now, SOL is a VC chain. There’s A LOT of money behind it. We have mixed feelings about VC chains. They are in no way decentralized. 
But that does not mean they aren’t useful. For one thing, you can do lots of transactions fast and cheap there. That’s good on many levels esp when trying to increase adoption for crypto around the world. So specifically, why will it outperform Ethereum? 
<ul> 
 <li> <h6>NFT Growth</h6> </li> 
</ul> 
If you believe in the future of NFTs, whether it’s collections, games, or tokenizing assets, then you should be looking at Solana. The amount of ETH used to pay for NFT sales has <a href="https://forkast.news/nfts-buyers-ethereum-holdings-invest/" target="_blank" rel="noopener">dropped down</a> to 2021 levels. Not only is the market for NFTs not growing on Ethereum. It’s shrinking. 
You NFT lovers know that for most of this bear market, it’s been the same pool of NFT buyers and sellers selling to each other. Now that pool is even smaller. But not so on Solana. 
<img decoding="async" class="wp-image-126360 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/10/6ecfa7d3ad7f75416720bbad0f7b90c89e10f4fe-6400x3472.png-300x163.webp" alt="" width="618" height="336" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/10/6ecfa7d3ad7f75416720bbad0f7b90c89e10f4fe-6400x3472.png-300x163.webp 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/6ecfa7d3ad7f75416720bbad0f7b90c89e10f4fe-6400x3472.png-1024x556.webp 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/6ecfa7d3ad7f75416720bbad0f7b90c89e10f4fe-6400x3472.png-768x417.webp 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/6ecfa7d3ad7f75416720bbad0f7b90c89e10f4fe-6400x3472.png-1536x834.webp 1536w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/6ecfa7d3ad7f75416720bbad0f7b90c89e10f4fe-6400x3472.png-2048x1111.webp 2048w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/6ecfa7d3ad7f75416720bbad0f7b90c89e10f4fe-6400x3472.png-696x378.webp 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/6ecfa7d3ad7f75416720bbad0f7b90c89e10f4fe-6400x3472.png-1068x580.webp 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/6ecfa7d3ad7f75416720bbad0f7b90c89e10f4fe-6400x3472.png-774x420.webp 774w" sizes="(max-width: 618px) 100vw, 618px"> 
<h6 style="text-align: center;">Source: <a href="https://messari.io/report/state-of-solana-q3-2023?utm_source=twitter_messari&amp;utm_medium=organic_social&amp;utm_campaign=state_of_solana_q3_2023" target="_blank" rel="noopener">Messari Report</a></h6> 
Here the market is growing fast. In Q3, Messari reports that Solana minted 45 million NFTs. That’s a 316% increase from Q2. And while most of the mints are free collections, it’s still significant. 
Big ETH NFT projects could add a free mint or a side project if they wanted. But they aren’t. Because there’s no interest there. Solana’s NFT community is growing while Ethereum’s is shrinking. Plain and simple. 
Which one do you think will be stronger in a bull market? The one that’s growing during a bear market? Or one that’s shrinking? 
<ul> 
 <li> <h6>DeFi TVL Growing</h6> </li> 
</ul> 
And it’s not just NFTs. DeFi TVL is growing on Solana too. All while TVL is shrinking on Ethereum. In the last 90 days, SOL’s TVL is up 32% to $368 million. That puts them 8th of all chains. Ethereum is still the undisputed leader. 
But ETH’s TVL is shrinking. In the last 30 days, as you can see in this DeFiLLama chart, Ethereum’s TVL is down 10.31%. That’s almost $2 billion dollars. And you can’t put all that on a drop in ETH’s price. ETH’s price is down only 1.7% in the same 30 days. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 How did <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@solana</a> perform Q3'23? 
 Solana tech is continuing to gain mindshare, with market cap growing 17% QoQ and revenue for SOL up 10% QoQ. 
 DeFi TVL also grew 32% QoQ to $368M, thanks to protocols like <a href="https://twitter.com/marginfi?ref_src=twsrc%5Etfw">@marginfi</a>, <a href="https://twitter.com/cypher_protocol?ref_src=twsrc%5Etfw">@cypher_protocol</a>, and <a href="https://twitter.com/solendprotocol?ref_src=twsrc%5Etfw">@solendprotocol</a>. <a href="https://t.co/UN6ywL8NiK">pic.twitter.com/UN6ywL8NiK</a> 
 — Messari (@MessariCrypto) <a href="https://twitter.com/MessariCrypto/status/1714684073913045410?ref_src=twsrc%5Etfw">October 18, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
And Solana, DeFiLLama tells us their TVL is up 6.12% in the last 30 days. This last month is a positive contributor to the overall 32% growth in the last quarter. Marinade, Jito, and SoLend are benefitting the most but every DeFi platform on Solana is up in recent weeks. The entire ecosystem is growing. 
<ul> 
 <li>Super Low Transaction Costs</li> 
</ul> 
Back to the <a href="https://messari.io/report/state-of-solana-q3-2023" target="_blank" rel="noopener">Messari report</a> again. For Q3, the average transaction cost on Solana is $0.0002. That’s 2/100ths of a cent. There’s no lower transaction cost anywhere in crypto. 
It’s easy to think if you are in the US, Canada, or Western Europe that things like transaction costs don’t matter. Especially if one L1 is 3 cents while another is 15 cents. Both are much cheaper than bank wire fees so we’d take either one. 
But what’s the biggest potential market for crypto in the world now? India. And where is crypto growing the fastest? Sub-Saharan Africa. In these regions, due to their weak currencies, even paying 10 cents for a transaction could be expensive for them based on income and currency value. 
<img decoding="async" class="wp-image-126361 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/10/c10cbaebe6d26f041214ca7323e576624e15218a-6400x3600.png-300x169.webp" alt="" width="600" height="338" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/10/c10cbaebe6d26f041214ca7323e576624e15218a-6400x3600.png-300x169.webp 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/c10cbaebe6d26f041214ca7323e576624e15218a-6400x3600.png-1024x576.webp 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/c10cbaebe6d26f041214ca7323e576624e15218a-6400x3600.png-768x432.webp 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/c10cbaebe6d26f041214ca7323e576624e15218a-6400x3600.png-1536x864.webp 1536w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/c10cbaebe6d26f041214ca7323e576624e15218a-6400x3600.png-2048x1152.webp 2048w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/c10cbaebe6d26f041214ca7323e576624e15218a-6400x3600.png-696x392.webp 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/c10cbaebe6d26f041214ca7323e576624e15218a-6400x3600.png-1068x601.webp 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/10/c10cbaebe6d26f041214ca7323e576624e15218a-6400x3600.png-747x420.webp 747w" sizes="(max-width: 600px) 100vw, 600px"> 
<h6 style="text-align: center;">Source: <a href="https://messari.io/report/state-of-solana-q3-2023?utm_source=twitter_messari&amp;utm_medium=organic_social&amp;utm_campaign=state_of_solana_q3_2023" target="_blank" rel="noopener">Messari Report</a></h6> 
But everyone can afford 2/100ths of a cent. This is why low transaction costs are so key to increasing global adoption. 
And low transaction costs are something Ethereum will never, ever have. 
<ul> 
 <li> <h6>Ethereum’s Central Bank Mentality</h6> </li> 
</ul> 
Yes, I’m serious here. Have you noticed that the rules that govern Ethereum keep changing? And not in a community adoption of new proposals way like you see on Cosmos. 
More like Federal Reserve central bankers. Vitalik, Joseph Lubin, the Ethereum Foundation. Consensys, and those who got the 70% premine of <a href="https://www.altcoinbuzz.io/?s=ethereum" target="_blank" rel="noopener">Ethereum</a> keep changing the rules in ways that benefit them. And not just the move to Proof of Stake, either. 
And people are starting to notice. If you were in the early ETH club, then congratulations. But for the rest of us, they don’t care at all what you think. They just change the rules so they benefit more while doing nothing to make transacting easier, faster, or cheaper. Even some crypto influencers like DU09BTC, who is not a Bitcoin maxi, agree. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 I've been following Ethereum closely. Vitalik and the early insiders continue to change the rules and modify the code. Now some are threatening to abandon the project altogether in the face of government intervention. I'm not waiting any longer. 
 Today, I am selling all my ETH. 
 — Duo Nine <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> YCC (@DU09BTC) <a href="https://twitter.com/DU09BTC/status/1715039604359766350?ref_src=twsrc%5Etfw">October 19, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Those sound like some bankers we already know. <a href="https://www.altcoinbuzz.io/?s=solana" target="_blank" rel="noopener">Solana</a> has its faults, especially with its heavy VC ownership. But it’s not doing this and it seems to care more about its community. 
<h5>Why SOL Will Outperform MATIC</h5> 
Now Polygon is a different story. While it has its own chain, most of its work is in Layer 2 solutions. That means faster, cheaper, and more scalable transactions. Here they are more competitive with Solana than Ethereum is. 
<ul> 
 <li>DeFi</li> 
</ul> 
Polygon’s DeFi has grown recently too. But not as fast as Solana’s. And in the last month, like Ethereum, Polygon’s TVL is down 15% while Solana’s is up 6%. 
<ul> 
 <li>Transaction Fees</li> 
</ul> 
Fees on the Polygon network can go as low as 5/100ths of a cent up to as high as 20-ish cents. And that’s both reasonable and fair. Especially since the <a href="https://bitkan.com/learn/how-much-are-polygon-transaction-fees-13135" target="_blank" rel="noopener">base fee on Polygon</a> is burned and validators only earn the gas portion of the fee. But that’s still higher than Solana. 
In 2 emerging markets for crypto like Cameroon and Colombia, the average monthly salary is under $300. FOR THE MONTH. So, even if inflation is low, the difference between a 10c transaction fee and 2/100ths of a cent is a big deal. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw">#Polygon</a> taking over the mint game?! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 What does everyone else think of these stats? Is polygon owning the NFT space right now? Let me know what yas think <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f973.png" alt="🥳" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Arbitrum?src=hash&amp;ref_src=twsrc%5Etfw">#Arbitrum</a> / <a href="https://twitter.com/hashtag/Optimism?src=hash&amp;ref_src=twsrc%5Etfw">#Optimism</a> / <a href="https://twitter.com/hashtag/PolygonNFTs?src=hash&amp;ref_src=twsrc%5Etfw">#PolygonNFTs</a> / <a href="https://twitter.com/hashtag/Base?src=hash&amp;ref_src=twsrc%5Etfw">#Base</a> / <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> / <a href="https://twitter.com/hashtag/NFTs?src=hash&amp;ref_src=twsrc%5Etfw">#NFTs</a> / <a href="https://twitter.com/hashtag/NFT?src=hash&amp;ref_src=twsrc%5Etfw">#NFT</a> / <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw">#Web3</a> / <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoNews</a> / <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#Blockchain</a> <a href="https://t.co/NmQRU8hSZR">pic.twitter.com/NmQRU8hSZR</a> 
 — Nubis Project (@TheNubisProject) <a href="https://twitter.com/TheNubisProject/status/1714414973567238384?ref_src=twsrc%5Etfw">October 17, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
We love Polygon as you know. But right now, Solana is in a position to outperform it in the next bull market. 
<a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="wp-image-123482 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/altcoin_buzz_alpha_website-banner_1456x180-1-300x37.jpg" alt="" width="705" height="87" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/altcoin_buzz_alpha_website-banner_1456x180-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/altcoin_buzz_alpha_website-banner_1456x180-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/altcoin_buzz_alpha_website-banner_1456x180-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/altcoin_buzz_alpha_website-banner_1456x180-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/altcoin_buzz_alpha_website-banner_1456x180-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/altcoin_buzz_alpha_website-banner_1456x180-1.jpg 1197w" sizes="(max-width: 705px) 100vw, 705px"></a> 
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Why Will Solana Outperform Ethereum and Polygon?

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