📊 $Solana Poised to Overtake Ethereum, Says Top Venture Capitalist
Qiao Wang, cryptocurrency veteran and co-founder of Messari, recently revealed funding application data from 2022 to 2025 for Alliance DAO. According to Wang, Ethereum (ETH) has seen a steady decline in dominance for 30 consecutive months — and the rise of other blockchains, particularly Solana, is catching the community's attention.
🔸 "Momentum is with Solana": Key Insight from Qiao Wang
In 2025, Solana (SOL) and Ethereum (ETH) are running neck and neck in terms of projects applying for funding through Alliance DAO. However, Solana is gaining ground quickly. Wang suggests that if the current trend continues, Solana could soon surpass Ethereum as the leading blockchain ecosystem for new founders.
According to data shared by Wang, Ethereum’s share of startup interest dipped below 50% for the first time in H1 2025 — a historic shift. Since late 2022, Solana has been steadily climbing, shedding its past associations with FTX and rebuilding its reputation.
Interestingly, despite facing criticism, Polkadot (DOT) still ranks among the top 10 blockchains for project funding applications. Others in this elite group include Filecoin (FIL), Cosmos (ATOM), BNB Smart Chain (BSC), Bitcoin (BTC), Avalanche (AVAX), Sui (SUI), and Aptos (APT).
Ethereum Maintains Lead in DeFi TVL
While Solana surges in founder interest, Ethereum remains the dominant force in decentralized finance. According to DefiLlama, Ethereum accounts for 51.2% of the total DeFi TVL, equating to over $52 billion out of $102 billion globally. Solana, by comparison, holds a 7.77% share.
