$ETH MarketUpdate Mr. Trump’s own business associates chose Solana to launch the wildly popular Trump and Melania meme coins. However, it is unclear whether the new administration would utilize Solana as an official channel for government management and online transactions.

That boon could go to Ethereum, another blockchain favored by Trump and the leading cryptocurrency network by total market capitalization. Ethereum is also far ahead of Solana in terms of adoption by US financial institutions. It has had exchange-traded fund (ETF) products available on Wall Street since last July.

Moreover, Ethereum is well-favored by Peter Thiel, the legendary Silicon Valley founder and venture capitalist who co-founded PayPal with Elon Musk and helped start it with one of his Thiel Fellowship grants.

It’s safe to assume that whether it’s Solana, Ethereum, or any other network, the underlying asset would explode in value if it’s indeed used by the US government.