This column was co-written by Frank Chaparro, director of special projects at The Block, and Laura Vidiella of MNNC Group. The views expressed in this column are their own and do not reflect the opinions of their employers.
Solana has been on an eye-watering tear over the last year, and according to Syncracy's Ryan Watkins, this might just be the beginning. Watkins joined The Scoop last week to share his insights on why Solana is catching up to — and in some cases surpassing — Ethereum across key metrics, driven by explosive growth in its ecosystem and real-world adoption.
The conversation highlighted how Solana's story has evolved over the past year. A year ago, Syncracy's public thesis focused on Solana's potential, emphasizing its speed, cost-efficiency, and scalability. Back then, the argument relied heavily on technical merits, with supporting data still in development.
Today, Watkins argues, the case for Solana is firmly grounded in hard data. Metrics like stablecoin volumes, DEX volumes, active addresses, transactions, and total application revenue show that Solana is now either matching or surpassing Ethereum in key areas, showcasing its powerful network effects and increasing economic value.
Recent data from The Block further underscores Solana's rise:
According to Watkins, this dramatic growth positions Solana as a blockchain ecosystem that is no longer defined by potential but by measurable success.
"It's no longer about opinions or technical advantages; it's about undeniable data," he said.
The Block’s Frank Chaparro serves up the latest headlines, charts, trends, and views on crypto and DeFi from around The Block, Twitter, and The Scoop pod. Subscribe to The Scoop newsletter, which hits inboxes on Tuesday and Friday mornings.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
