Why Solana will prevail despite Ethereum ETFs

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Ethereum may have spot ETFs in a few months, but Solana has superior speed and UX design. Its market dominance is inevitable.

The cryptocurrency world is abuzz with bullish sentiment thanks to Bitcoin (BTC) spot ETFs. Investors have been quick to accept that Ether (ETH) spot ETFs will follow in the months ahead.

Many investors have begun to speculate that many altcoins will also have ETFs, which has led to price appreciation and a lot of speculation. But all the enthusiasm has led many to overlook an obvious contender to Ethereum — Solana (SOL), which has beat many expectations and continues to boast a sophisticated tech team.

There has been no shortage of stories talking about Solana and its links to FTX founder Sam Bankman-Fried, with many predicting its demise. However, Solana has weathered the storm according to a handful of metrics. For instance, the number of active addresses on the network has nearly reached its 2022 level. The number of new addresses has continued to grow at almost as fast a rate as it was in 2022 as well. In fact, the number of unique active wallets (UAW) is up from 2022.

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