SOL Vs ETH Base Memecoins: Which Blockchain Will Dominate The Market?

Key Insights

• The industry is gearing up for a massive shakeup, especially as prices are starting to heat up.
• Some of the major contenders in the space include Etheruem, Solana, Floki and Myro.
• Yeti Ouro stands out as a new contender amid the ETH vs SOL battle.

The crypto community is in the middle of a pending uptrend, and the entire market can feel a bull run incoming. New projects are emerging everyday and are battling old ones for dominance.

However, among the many options, Solana, Ethereum and various memecoins like Floki and Myro have gained massive influence.

Notably, one token stands out in this crowded space as a top contender and is ready to make waves in the market. This token is called Yeti Ouro ($YETIO).

Solana (SOL)

Solana has quickly risen up the ranks over the years. During this time, it has become both a major competitor to Ethereum. This network boasts of high throughput and transaction costs. It also features a special consensus-mechanism called Proof of History.

This mechanism, when combined with the relatively popular Proof-of-Stake, allows Solana to handle thousands of transactions every second.

To top things off, it does all of the above with lightning-fast speeds.

Moreover, the chain’s ecosystem is expanding at an impressive rate. Numerous DeFi projects, NFTs and dApps now contribute to its TVL of around $4.72 Billion according to data from DefiLlama. 

Finally, TradingView data shows that $SOL is up 560% in the last 365 days, with a current price of $130.

Floki (FLOKI)

Floki has been a major leader among the memecoins. It has managed to stand its ground as the fifth-largest memecoin on the market. This is despite years passing since launch. 

Floki has also withstood the recent wave of new coins in 2024 on Solana.

Floki has also held on to a market cap of $1.16 Billion despite volatility over the years. CoinMarketCap data even shows that it is one of the best-performing memecoins over the last month to one year.

The memecoin is sitting on a YTD gain of around 250%, reinforcing its standing as a major performer among its class.

Ethereum (ETH)

Ethereum is the undisputed king of smart-contracts, and holds dominance over the entire sector by far. Its recent switch to ETH 2.0 and its adoption of the Proof-of-Stake mechanism greatly improved its scalability.

It also has the largest developer-community and uses its core features to drive innovation.

However, 2024 hasn’t exactly been Ethereum’s year and its native $ETH cryptocurrency has been underperforming compared to Bitcoin.

Still, the king of defi has had around a 40% price increase in the last year. A feat that is also impressive on its own.

Myro

Myro has also captured the imagination of the crypto-community with its playful branding and its mascot “Myro the dog”. The memecoin is named after Solana co-Founder Raj Gokal’s pet.

The cryptocurrency has dominated the Solana landscape so far. While it lacks the sophistication of its parent cryptocurrency, it has been a top gainer in the market space.

Data from TradingView highlights that the memecoin is up by more than 200% on a year-to-date basis. This means that it is one of the top gainers by far in the memecoin space. 

The cryptocurrency is outperforming Ethereum and Bitcoin combined, on the same timeframe.

Yeti Ouro (YETIO)

$YETIO comes in as a major competitor to all of the above, with its deployment on the Ethereum network. It is currently in its presale phase, with a current price of $0.012 and a 10% discount for early adopters.

The token was created as the backbone of the upcoming Play-to-Earn game, Yeti Go. In particular, the game is an Unreal Engine and FMOD-powered app designed to be both thrilling and challenging.

YETIO combines the power of memecoins/crypto with the real-world utility of the Game-Fi space.

Early buyers will get exclusive perks, like early access to the game (which is currently in development) and special in-game content. Note that there’s a 10% discount on early buys.

Yeti Go is a thrilling game in which the core gameplay revolves around using skill, strategy and quick reflexes to outwit opponents in races.

The objective is to push other players’ vehicles off the tracks while collecting rewards and weaponized gadgets before reaching the finish line.

Overall, the game promises an action-packed experience with every race, as well as bountiful rewards in $YETIO tokens.