PANews reported on May 9, according to Cointelegraph, that a recent study by cryptocurrency bank Sygnum indicates that Solana has not yet demonstrated sufficient evidence to replace Ethereum as the preferred blockchain for institutions. The report shows that due to Solana's revenue being highly dependent on Meme coin trading, its revenue stability is questioned. In contrast, Ethereum still has significant advantages in security, stability, and institutional recognition. Data shows that Ethereum's actual revenue scale reaches 2-2.5 times that of Solana. It is worth noting that the transaction fees generated by the Solana network mainly flow to the validating nodes and have not effectively translated into an increase in the value of SOL tokens. In March of this year, the Solana community rejected a proposal to reduce the inflation rate, reflecting its conservative attitude towards token economic reform.
The report also points out that if Solana can achieve breakthroughs in more stable revenue areas such as stablecoins and tokenization, there is still a chance to catch up to Ethereum. Currently, Ethereum maintains a lead in institutional application scenarios, which have received widespread support from traditional financial institutions.
