The battle between Ethereum (ETH) and Solana (SOL) continues to gain momentum, especially amid growing institutional interest in new blockchain technologies. According to a recent report by the Swiss bank Sygnum, large corporations are increasingly choosing Solana over Ethereum due to its scalability and low transaction costs.
Why institutional investors choose Solana Sygnum notes that companies such as Visa and Franklin Templeton prefer using Solana for their projects thanks to the network's high throughput and minimal transaction costs. Visa, for instance, recently integrated Solana for making payments in USD Coin (USDC), highlighting the platform's efficiency. Franklin Templeton has also chosen Solana for one of its investment funds.
Solana’s superiority in 2023 The report also highlights that Solana has significantly outpaced Ethereum in terms of growth in value. Over the past year, Solana's price has increased by 300%, and since the beginning of 2023, by 600%, which demonstrates the growing demand for this platform among institutional players.
Risks and criticism of Solana Despite its success, Solana has been criticized for its high level of centralization. Some experts, including Edward Snowden, express concern about potential government interference, which may threaten the platform’s long-term sustainability.
Thus, Solana continues to strengthen its position in the blockchain community, attracting large companies with its efficiency and scalability, despite the criticism regarding centralization.
