While Solana continues to dominate memecoin trading, active Ethereum addresses hit 575,000, a 37% jump from November’s slump at 420,000, breathing fresh life into the network.
Transactions are following suit, climbing to 1.3 million daily—up from 1 million, the lowest in a year. Despite this, Ethereum
Ethereum
1.59%
Ethereum
ETH
Price
$1,740.99
1.59% /24h
Volume in 24h
$6.22B
Price 7d
has crabbed over the last year (up 39%) compared to Solana
Solana
4.07%
Solana
SOL
Price
$73.34
4.07% /24h
Volume in 24h
$1.99B
Price 7d
(139%) and Bitcoin
Bitcoin
1.29%
Bitcoin
BTC
Price
$64,231.88
1.29% /24h
Volume in 24h
$16.50B
Price 7d
(142%).
Is Ethereum still a good investment? Let’s also discuss one new SOL presale about to break out.
Ethereum And Vitalik’s Late Attempt to Fix ETH
Ethereum founder Vitalik Buterin recently said the ETH Foundation will focus on scaling Ethereum to KILL HIGH FEES to compete with other L1s like Solana.
Lol, bro, too little, too late. The damage is done. Or so the bears say about Ethereum.
The truth is that high fees can reduce spam and bots on Ethereum, but that doesn’t translate to automatic quality. High fees also lock out everyday users and stifle innovation.
A scalable, low-cost network can thrive with proper security measures, unlike the blanket assumption that accessibility invites scams.
Low-cost has allowed Solana to now command nearly half of the decentralized exchange (DEX) market, fueled by the meme coin launchpad Pump.fun.
Dune Analytics data reveals Solana briefly hit an 89.7% DEX market share in late December. Since then, its dominance has stayed above 50%, prompting OKX to claim Solana is “drinking the Ethereum milkshake.”
Why Isn’t Retail FOMO’ing Into Alts Anymore?
Why isn’t retail FOMO’ing into alts anymore?
Another hard truth pill to swallow is scammers scammed too hard. This is hurting Ethereum, Solana, and the broader altcoin market.
The X influencers this cycle went absolutely ape with their egregious slow rugs, and sadly, most of them are still worshipped like mega-celebrities (i.e., Ansem, Murad, Erik Stevens, etc.). Both times retail entered even a tiny bit( March and November 2024), no-utility scam coins wrecked them.
Everything except major coins is a warzone with the absolute worst actors making the most and not even leaving a crumb.
DON’T MISS: New Solana Layer-2 SOLX Is Closing in On $20M Raised
If you’re tired of the altcoin crab market, check out token presales. Ironic, right? We just talked about ‘no-utility’, but fret not! This coin has utility.
After President Donald Trump called for the creation of a US Reserve for so-called ‘American Crypto’, Solana has blasted into the spotlight. This is fuelling major attention for Solaxy (SOLX) as it aims to become Solana’s first Layer 2 solution.
Its presale is rapidly closing in on $20M raised, with daily contributions reaching $250,000 – suggesting it could explode over $30M as Trump’s crypto policies take hold.
Some experts think it could become the next 100x coin in 2025. Solaxy aims to neutralize Solana’s pain points by solving scalability and failed transaction challenges.
Its $SOLX presale offers early participants a chance to join a project that combines multi-chain integration, high-performance dApp development, and a gateway to multichain DeFi.
Solaxy’s cross-chain bridge with Ethereum is another draw. This feature lets developers tap Ethereum’s liquidity while enjoying Solana’s low fees and fast speeds. Many observers see this bridge as a step toward broader adoption because it gives decentralized applications more flexibility.
Solaxy also addresses network stability by creating a more resilient structure. Solana has faced occasional outages, but Solaxy aims to reduce downtime and offer consistent performance. This focus on reliability could attract developers who want smooth user experiences.
The project’s staking app currently offers 322% APY. Community members have staked 3.48 billion SOLX tokens, reducing the supply in circulation. This activity may help keep prices steadier in the long run.
EXPLORE: Dust Settles Over XRP Price Crash: Best Presale to Buy in 2024?
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