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Solana vs Ethereum: The Battle for Institutional Preference$ETH $SOL
Sygnum, a crypto bank group, suggests that Solana has not yet proven itself as a superior blockchain to Ethereum for institutions. Despite Solana's transaction volumes and fee generation dominance, traditional financial institutions may still prefer Ethereum due to its security, stability, and longevity.
Solana's revenue heavily relies on memecoins, making it less stable compared to Ethereum. While Solana leads in layer-1 fee generation, most fees do not benefit the value of its token.
The company also highlights Solana's tokenomics as an area of concern, as it may hinder the token's value growth. However, Solana has shown progress in decentralized finance protocols, which could potentially challenge Ethereum's market share in the future