Solana (SOL) is gaining momentum and potentially surpassing Ethereum (ETH) in terms of new project funding, according to Qiao Wang, co-founder of Alliance DAO. Key points:
- Solana's share of projects applying for funding has been increasing since late 2022.
- Ethereum's share dropped below 50% in H1 2025 for the first time.
- Solana might become the largest ecosystem for new founders.
Despite this, Ethereum still dominates DeFi TVL with 51.2%, while Solana holds 7.77%.
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