The Solana network briefly exceeded ETHEREUM in the total value of its original symbols, Sol and ETH, which sparked the debate about whether it was already bullish or declining for Solana.
more than $ 53.9 Sol is now worth a billion on Solana from 505,938 8.31 % Annual return, Blockchain data appears.
The number briefly outperformed the maximum ETH Staked market on April 20, which is now worth $ 53.93 billion guaranteed from 34.7 million severe symbols, beaconcha.in Data He appears.
One of the factors behind the distress was the strong Sol performance for the ETH over the past two years, which has witnessed the high rate of the Sol/ETH rate of about ten times from 0.0088 to 0.0866 since June 12, 2023, Coengecko Data He appears.
Critics say the return of the high begs is Solana Defi
However, a 8.31 % “risk-free” return for Soul pioneers in the network-is much higher than 2.98 % of ETH- may attract Solana users away from Defi activities, such as providing liquidity for automated market makers and lending protocols against the distinctive symbol bonuses.
“Solana that has 65 % of Marketcap Staked means that there is no other use of its symbols, it’s already dantasy,” Builda Protocol and X “JC” user. He said.
Devilia Data He explains that there are $ 21.5 billion of ETHEREM’s distinctive symbols on Ethereum, compared to only 7.22 billion dollars from Solana liquid on Solana.
Former Capital Management Partner, Tushar Jain He said Solana Defi has been strangled because it is not logical to make an investment in something that results in a lower return of “risk -free” investment.
“It does not make sense to provide liquidity on the AMM SOL/USDC when it may earn you 5 % but Staking earns you by 7 %.”
Ethereum also dominates the closed total value in Defi 50.4 dollars One million comparison with Solana 8.85 billion dollars.
Critics industry also Duplicate In that there is still more auditors who believe in Ethereum 1.06 One million comparison with Solana 1,243.
Ethereum stokeing Solana Staking really argues
An ethereum researcher said that Solana Stokeing does not really secure the Solana network because there is no mechanism to punish bad actors for harmful behavior.
“It is ridiculous to call it” reckless “when there is no reduction. What is at stake?” Dankrad Feist He said In April 20 publication.
“Solana has approximately scratch economic security at the present time.”
Solana laboratories He said The reduction is already possible, but it is not automatic, and the attacker’s assets can only be reduced by restarting the entire network.
Related to: The price of Ethereum in the “curse” downtown direction, which can continue well in 2025 – analyst
Solana is looking forward to offering a solution to reduce more comprehensively later this year, According to To the Multiple Capital Administration partner, Kyle Samani.
CEO of Solana Labs Anatoly Yakovenko He said It is pushing for the “lowering” mechanism, as the punishment will be equal to the square of the difference between the wrong share of the resistance in the era and the medium network resistance.
Meanwhile, Ethereum developers and researchers explore ways to give the nemelum.
Many ETHEREUM makers have resorted to liquid liquid protocols over the past few years due to the minimum 32 ETH ($ 50,750) required to operate an independent auditor.
However, this shift has caused 88 % stake in LIDO to the liquid ethereum market, adding another layer to ETHEREUM central concerns.
magazine: Return 2025: Are you ready for ethereum to catch up with Bitcoin and Solana?
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