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

Qiao Wang, a crypto veteran and partner at Alliance DAO, revealed that #Solana ($SOL) is rapidly catching up to #Ethereum in startup interest, with funding applications 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.

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