Scaramucci Anticipates Solana Might Surpass Ethereum by Market Cap
Scaramucci believes Solana could surpass Ethereum in market cap however gives no timeline. SOL has actually 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 might eventually exceed Ethereum by market capitalization. He failed to give any specific timeframe. Scaramucci referred to the speed and cost efficiency of Solana as factors supporting his opinion. Scaramucci, CEO of SkyBridge Capital, has previously expressed his preference for Solana over 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 about the emergence of a Solana ETF. The following month, VanEck submitted 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 rose early in the year but fell 25% in May and another 6% so far in June. Year on year, Solana has not performed well against Ethereum, although Solana is considered a competitor. Ethereum’s market capitalization of $304 billion is currently far ahead of Solana’s $76.5 billion. While Solana used to lead in performance until recently, Ethereum has regained its position thanks to broad market coverage and renewed 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 many developers already working on its ecosystem, has made the platform attractive due to its scalable applications for venture firms and individual investors. This momentum can impact long-term network adoption, despite the token’s underperformance in the short term. Although Ethereum is the largest smart contract protocol in the market, Solana continues to attract significant attention from investors due to the opportunities it offers to reshape the layer-one blockchain environment. With the evolution of blockchain platforms, the ongoing debate about Solana and Ethereum highlights the overall competition in the smart contract platform market.
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