PANews
PANews|May 12, 2025 03:18
Is Ethereum Flipping Solana? This is indeed happening In the past week, ETH has far outperformed SOL: not only has it risen strongly, but it has also driven a collective outbreak of Ethereum ecosystem Memes such as Hippo, PEPE, NEIRO, forming an ecological resonance. SOL, on the other hand, has a weak pace, weak price rebound, and a SOL/ETH ratio decline of over 14%. At the same time, it is facing pressure to unlock large amounts of collateral, and related addresses such as FTX and Alameda continue to release selling pressure, making it difficult to have a strong performance in the short term. But this is not just a price difference, but also a differentiation in ecological rhythm and narrative direction: 🔹 Solana's Meme craze has become highly PVP-based, with a few top users being enriched, but ordinary users are repeatedly injured in high-frequency games, and the ecological foundation is constantly diluted. This extreme and short-sighted gameplay is consuming user trust. 🔹 On the other hand, Ethereum, which was once considered to have no new narrative, is undergoing a structural reassessment: the US regulatory authorities are promoting the participation of stablecoins in the US Treasury system, the RWA market continues to expand, and ETH, as the underlying gas asset, will directly benefit from the expansion of this reality narrative. This is a narrative that does not harm users, is sustainable, and profitable, suitable for long-term capital entry. Looking at the performance differentiation of the AI Agent track again: 🔹 The Virtuals of the Ethereum ecosystem's base chain continuously produce interactive and high-quality new projects through Genesis Launch, with perfect gameplay mechanisms, strong user engagement, and significantly increased ecological vitality. 🔹 However, Solana's ai16z and related frameworks have fallen into silence, lacking new narratives and high-quality new increments, leading to a decline in mental ownership and a weakening of ecological stickiness. Ethereum is currently attempting to steadily flip Solana with a triple momentum of "price trend+inclusive narrative+new track explosion". This is not a short-term speculative victory, but a systematic ecological overtaking. If the current market can stabilize and continue, Ethereum may usher in a very good turning point. It can be expected that the Ethereum ecosystem will gradually recover, and the cryptocurrency industry will usher in a new incremental narrative, not trapped in the current stock PVP.
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