Ethereum

Solana

<p>On the smart contract market, Solana has been particularly dynamic this year. So much so that some analysts nickname this crypto platform the Ethereum “killer,” the current market leader. A position that, according to the exchange Coinbase, should not be called into question in 2024.</p>
<h2 id="h-solana-is-not-a-threat-to-ethereum-according-to-coinbase">Solana is not a threat to Ethereum according to Coinbase</h2>
<p>Throughout the year 2023, the Solana crypto platform has captured user interest with its exceptional dynamism. But despite sustained investor interest in this blockchain, it does not threaten Ethereum’s leadership.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>At least that’s the view of the crypto exchange Coinbase expressed in a recent study. The company predicts that Ethereum will maintain its dominance as the leading smart contract platform in 2024.</p>
<p>The Coinbase study titled <em>“</em><a href="https://www.coinbase.com/en-gb/institutional/research-insights/research/market-intelligence/2024-crypto-market-outlook" target="_blank" rel="noopener noreferrer nofollow"><em>2024 Crypto Market Outlook</em></a><em>”</em> notes that Solana had the second largest net fund inflows, after Bitcoin, surpassing Ethereum and other crypto platforms.</p>
<p>According to Coinbase, it is Solana’s ability to handle high transaction volumes and maintain low fees that explain the momentum behind investments. This characteristic is also key to surpassing Ethereum in terms of transaction throughput improvement and fee reduction. But also to support a new wave of highly efficient applications. This, however, is still not enough to dethrone Ethereum.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Ethereum’s dominance to persist despite Solana’s investor appeal, Coinbase says <a href="https://t.co/CukZwEeCsx" rel="noopener noreferrer nofollow">https://t.co/CukZwEeCsx</a> <a href="https://twitter.com/hashtag/News?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#News</a> <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a></p>— OutbackDeFi (@BushOrangutan) <a href="https://twitter.com/BushOrangutan/status/1735612454955303300?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 15, 2023</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
 <figcaption class="wp-element-caption"><em>Coinbase predicts that despite Solana’s rise, Ethereum will retain its status as the leader in smart contracts</em>
 </figcaption>
</figure>
<h2 id="h-ethereum-unshakeable-according-to-coinbase">Ethereum unshakeable according to Coinbase</h2>
<p>According to Coinbase, Ethereum is and will remain the most important smart contract platform in the crypto market. This is despite Solana’s growing popularity. The exchange’s argument is based on Ethereum’s operational capabilities.</p>
<p>It processes an average of about 1 million crypto transactions per day. It also maintains a consistent daily transfer volume of between 1 and 3 billion dollars. Not to mention the sustained dynamism of its valuation.</p>
<p>As of the latest news, ether (ETH) is trading at 2,280 dollars. This reflects a significant increase of 91% since the beginning of the year. Meanwhile, Solana’s SOL is trading around 78.3 dollars, up 697% since January.</p>
<p>Coinbase acknowledges that this increase is absolutely impressive. However, the crypto exchange also recognizes that Ethereum’s dominance is expected to persist, with Solana emerging as a potential viable alternative to Ethereum for specific use cases.</p>

Ethereum vs. Solana: Coinbase Reveals the Blockchain That Will Dominate Smart Contracts in 2024

목차

Cointribune EN

2023년 12월 18일에 게재된 다른 기사

Miner profits surge as Bitcoin transaction fees hit 20-month high

Shiba Inu soars 23% before falling by 14%: Will the climb continue?

Stacks Price Prediction: Will $STX Rally Regain $1.5 By the Year End?

Crypto Exchange Listing and Delisting Announcements: December 18, 2023

Forget About Useless NFTs – Lado Okhotnikov’s Tactile Program Will Make Them Work!

Suriname Eyes Bitcoin Strategy with Jan3’s Proposal

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!