At the DigiAssets 2025 conference, Anthony Scaramucci, founder of SkyBridge Capital, declared that Solana (SOL) will surpass Ethereum (ETH) in market capitalization, reaffirming the nickname 'Ethereum killer.' With SOL priced around $145 and ETH at $2,491 (according to CoinMarketCap, June 20, 2025), this prediction contradicts Standard Chartered's assessment but is supported by Cantor Fitzgerald. The article analyzes Scaramucci's views in detail, the competitive landscape between Solana and Ethereum, the impact on the crypto market, and provides suggestions for investors.
Scaramucci's perspective on Solana
Scaramucci, who entered the crypto market in 2020, stated that he does not have a negative view of Ethereum, but 'understands the story of Solana better.' At DigiAssets 2025, he predicted: 'I think $SOL will surpass ETH,' although he did not provide a specific timeframe. SkyBridge Capital currently holds hundreds of millions of USD in Bitcoin and Solana on its balance sheet, with 40% of its client portfolio invested in digital assets, including the Multicoin Capital fund, Brevan Howard Digital, and a $300 million coin fund containing Solana, Avalanche, Polkadot, and Bitcoin.
Scaramucci's view is based on Solana's technological appeal, which stands out for its fast transaction speeds and low costs compared to Ethereum. However, he faces opposing views from Standard Chartered, which forecasts Solana will perform less effectively than Ethereum in the next 2-3 years, with SOL price reaching $275 by the end of 2025 and $500 by 2029, while ETH could hit $4,000 in 2025 and $7,500 in 2029. Conversely, Cantor Fitzgerald supports Solana, arguing that its technology surpasses Ethereum 'in every aspect' and companies accumulating SOL have significant growth potential.
The competitive landscape between Solana and Ethereum
Solana and Ethereum are two leading Layer-1 blockchains, but there are clear differences:
Solana: Peaked at $293.31 in January 2025, currently has a market cap of $76 billion, down 23.2% since the beginning of the year. Solana is known for high throughput (thousands of transactions per second) and low costs, attracting DeFi, NFT, and meme coin projects. However, Standard Chartered points out that Solana is seeing reduced usage after the meme coin frenzy, with scalability issues limiting utility.
Ethereum: Market capitalization of $304 billion, down 24.75% since the beginning of the year, remains the leading platform for DeFi and dApps. With upgrades like Pectra expected in 2025, Ethereum is improving scalability, but high transaction fees remain a challenge. Institutional participation, such as the Ethereum ETF fund, strengthens $ETH .
Data from DefiLlama (June 20, 2025) shows Solana has a TVL of $9.8 billion, far surpassing Cardano ($356 million), but still lower than Ethereum ($46 billion). The flow of stablecoin into Solana reached $11 billion, compared to $31 million on Cardano, indicating Solana's appeal in DeFi. Crypto-friendly policies in the USA, such as Trump's proposed strategic Bitcoin reserve and the GENIUS Act bill, facilitate growth for both SOL and ETH, but competition between the two blockchains remains fierce.
Impact on the crypto market
Scaramucci's predictions could have significant impacts:
Increasing confidence in Solana: If SOL surpasses ETH, the crypto market capitalization will witness a significant shift, attracting capital into Solana and projects like Solayer (LAYER). This reinforces Solana's role in DeFi, NFT, and Web3.
Stimulating Layer-1 competition: The attention on Solana could drive other blockchains like Cardano (ADA $0.39) or Avalanche (AVAX $27) to improve, benefiting the entire industry.
Impact on institutional investors: With 60% of Fortune 500 companies deploying blockchain (according to Coinbase), Scaramucci's predictions could encourage funds like SkyBridge to further invest in SOL, competing with Ethereum ETF funds from BlackRock.
However, investors need to be aware of risks. Solana has faced network issues, and reliance on meme coins can create instability. Ethereum, with its long-established ecosystem, remains a safer choice for organizations. Additionally, legal uncertainties in the USA, with the CLARITY Act bill being difficult to pass in 2025, could affect both blockchains.
Risk warning: Investing in cryptocurrency carries high risks due to significant price volatility. #anhbacong
