Scaramucci believes Solana could surpass Ethereum in market cap but gives no timeline.
SOL has underperformed ETH in recent months despite early 2025 momentum.
Other investors also support Solana's potential to become a top blockchain platform.
At the Digital Assets 2025 conference, investor Anthony Scaramucci stated that Solana could eventually surpass Ethereum by market capitalization. Although he failed to give any given timeframe, Scaramucci referred to the fact that the speed and cost efficiency of Solana is another aspect that makes him hold that particular opinion.
Scaramucci, SkyBridge Capital CEO, has made it clear in the past how he would like Solana more than Ethereum. In a February CNBC interview, he highlighted Solana’s transaction speed and lower fees. He also predicted that Solana could play a leading role in tokenization efforts. In May 2024, Scaramucci tweeted that a Solana ETF would emerge. The following month, VanEck filed with the SEC to launch one.
Recent Performance and Market Dynamics
Despite a strong start in January, Solana has not maintained momentum against Ethereum. The SOL/ETH pair surged early in the year but fell 25% in May and another 6% so far in June. Year on year, Solana has not fared well against Ethereum, although Solana is known to be a competitor too.
The capitalization of Ethereum of $304 billion is currently a long way in advance of Solana's $76.5 billion. Although Solana used to be a leader in terms of performance until very recently, Ethereum has finally taken its spot back thanks to a wide stance across the market and a rejuvenated investor interest.
Broader Support for Solana’s Growth Potential
Scaramucci is not the only investor who sees potential for Solana to challenge Ethereum. Qiao Wang of Alliance DAO has argued that Solana is becoming the top platform for new developers and startup activity. Santiago R. Santos of Inversion Capital has also questioned why Solana should not match Ethereum’s valuation.
The development of Solana, with a large number of developers currently operating on its ecosystem, has made the platform an attraction due to its scalability of applications for venture firms and individual investors. Such a pace can affect the long-term network adoption, despite the underperformance of the token in the short term.
Although Ethereum is the largest smart contract protocol on the market, Solana still attracts close attention from investors due to the opportunities it has to remake the layer-one blockchain environment.
With the development of blockchain systems, the debate about Solana and Ethereum still reflects general rivalry in the market of the smart contract platform.
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