According to Qiao Wang, co-founder of Messari and Alliance DAO, Solana is gaining momentum and might soon surpass Ethereum in terms of new founders and projects. Wang shared statistics on founders applying for funding to his fund from 2022 to 2025, revealing a significant shift in the blockchain landscape.
Ethereum's Dominance Wanes
For 30 months in a row, Ethereum's dominance has been declining. In 2025, Solana-based and Ethereum-based protocols are neck and neck in terms of projects applying for funding. Solana's metric is gaining traction, and Ethereum's share dropped below 50% for the first time in history in H1 2025.
Solana's Resurgence
After the FTX collapse, Solana managed to shake off its negative associations and has been increasing its share of new projects since late 2022. According to Wang, "momentum favors Solana," and it might become the largest ecosystem for founders soon.
Other Blockchains in the Mix
Other notable blockchains in the top 10 for projects applying for funding include Polkadot, Filecoin, Cosmos, BNB Smart Chain, Bitcoin, Avalanche, Sui, and Aptos. Despite Solana's rise, Ethereum still dominates DeFi TVL, controlling over 51% of the global market.
The Future of Blockchain
As the blockchain landscape evolves, it's clear that Solana is a force to be reckoned with. Will it surpass Ethereum's dominance? Only time will tell. One thing is certain – the competition is heating up, and the future of blockchain is looking more decentralized than ever.
Key Stats:
- Solana's share of new projects has been increasing since late 2022
- Ethereum's dominance has been declining for 30 months
- Solana-based and Ethereum-based protocols are neck and neck in terms of projects applying for funding in 2025
- Ethereum still controls over 51% of DeFi TVL
What's Next?
As the blockchain industry continues to evolve, it will be interesting to see how Solana and other blockchains continue to grow and compete with Ethereum. Will Solana's momentum continue, or will Ethereum reclaim its dominance? The future of blockchain is uncertain, but one thing is clear – innovation and competition will drive the industry forward.
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