Solana's rise against Ethereum as a Layer-1 blockchain contender is encapsulated in the SOL/ETH ratio. Historically experiencing dramatic shifts, Solana's ratio has charted a path of recovery, which hints at an increased market presence. But how is Solana's ecosystem indicative of broader industry trends? ...
Solana shows renewed strength against Ethereum in SOL/ETH ratio Solana shows renewed strength against Ethereum in SOL/ETH ratio
Despite volatility, SOL/ETH ratio showcases Solana's resilience in the L1 race.
2 min read
Updated: Dec. 19, 2023 at 4:27 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Ethereum
$3,146.16
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).