#Solana Gaining Ground on #Ethereum , Says Top Crypto VC

Qiao Wang, crypto veteran and Alliance DAO partner, revealed that #Solana ($SOL ) is catching up fast to #Ethereum in startup interest, with applications for funding now nearly tied between the two. According to Wang, "momentum favors #Solana " and if the trend continues, Solana could soon host the largest community of crypto founders for the first time ever.

Since late 2022, Solana has been rising steadily especially after distancing itself from its FTX-linked past while Ethereum’s dominance has dipped below 50% in early 2025. Despite this shift, Ethereum still leads in DeFi with over $52B in total value locked (TVL), while Solana holds around 7.77%. Surprisingly, Polkadot, Filecoin, Cosmos, BSC, Bitcoin, Avalanche, Sui, and Aptos all remain among the top destinations for crypto builders.