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Justin Drake: Solana will never surpass Ethereum

1:39 pm, December 6, 2024

Ethereum ETH $3,869.36 Bridged Ether (StarkGate) -2.34% Market capitalization $0.34 billion VOL. 24 hours $1.71 billion developer Justin Drake said that the Solana SOL $215.67 Solana -4.16% Market capitalization $103.34 billion VOL. 24 hours $0.89 billion network is currently at its peak, but its «golden era» is coming to an end due to architectural limitations. According to him, despite the initial positioning of Solana as an «Ethereum killer,» it is not a direct competitor and does not pose a serious threat to the second largest cryptocurrency by capitalization.

The expert noted that Solana developers are focused solely on performance, trying to reduce latency and increase throughput. At the same time, this ignores the reliability of the system.

«Solana has reached its peak, but its speed and scalability advantages may disappear due to the limitations of the architecture,» Drake said.

In his opinion, Ethereum should maintain its focus on ecosystem security, while second-level solutions integrated with the main blockchain can solve performance problems.

Nevertheless, analysts note that SOL, the token of the Solana network, may continue to grow, just as Ethereum is preparing for new all-time highs. However, Solana’s limitations may negatively affect its competitiveness in the long run.

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BTC

$104,550.94

-2.74%

ETH

$3,869.36

-2.34%

BNB

$713.78

-1.93%

XRP

$2.47

-6.48%

SOL

$215.67

-4.16%

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