Five Reasons Why Solana Will Be More Profitable Than Ethereum

…even though I still prefer ETH, at least for now.

Non-members can access the full story here.

With Solana’s massive 900% growth in 2023 comes the discussion of whether it can continue to catch up to Ethereum and present itself as a better investment than the leading smart-contracts platform.

Here are five reasons I believe Solana can continue closing this gap and take away more of Ethereum’s market share across multiple crypto sectors.

1) Many projects are migrating to Solana

Render Network, Helium, Audius and Circle (behind the USDC and EURC stablecoins) have moved away from Ethereum (or from their own network) and have instead decided to use Solana, whether in part or as a full move to the newer protocol.

This trend is becoming more popular across the space due to a push for greater decentralisation by having a project/asset operating on several blockchains simultaneously.

For example, I will note that stablecoin issuers are doing this to decentralise their operations by having their products run on multiple systems simultaneously, e.g., Tether (USDT) and its rival, Paxos (USDP).

Aave, a popular automated market maker (AMM), will soon add Solana as a compatible chain, per…