Solana has the potential to reach 50% of Ethereum’s market cap according to a recent report by VanEck’s subsidiary, Market Vector.
Over 3,000% more transactions get processed on Solana network as compared to Ethereum, with over 1,300% higher number of daily active users. At the same time, Solana’s transaction fees are also considerably cheaper.
Yet, the question remains. Why haven’t institutions migrated towards Solana? The new report by VanEck’s subsidiary mentions that Solana is currently undervalued. It said that Solana is inherently superior while its market cap is just 22% of Ethereum.
A third party research revealed that Solana can reach 50% of Ether’s market cap. If that happens, Solana may end up being priced at $300 per token.
Additional reporting by Noor Bazmi
