Solana Outpaces Ethereum: Will Wall Street Finally Wake Up?

Solana’s recent surge against Ethereum isn’t just another crypto rally—it’s a direct challenge to the smart contract throne. Transaction speeds that leave ETH in the dust and fees that don’t require a second mortgage are turning heads.

But here’s the real question: When will traditional finance stop pretending blockchain is just a buzzword? While hedge funds dither, retail traders are stacking SOL like it’s 2021 all over again. Maybe Wall Street needs another 300% move before it risks missing out—classic.

One thing’s clear: The ’ETH killer’ narrative just got fresh ammo. Whether institutions care? That depends how long they can keep ignoring the chain that actually works.

A strong case for revaluation

The impact of a Wall Street listing is no joke. Both Bitcoin [BTC] and ethereum have already demonstrated this. However, Solana is quickly catching up. 

Defi Dev Corp., an investment firm that invests in a diverse range of digital assets, recently added approximately 172,670 SOL worth 23.6 million to its holdings. 

This acquisition boosted its total solana position to 595,988 SOL. In fact, surpassing the $100 million mark in treasury value. No surprise, this firm is being dubbed Solana’s “MicroStrategy.”

But beyond just the accumulation, there’s a deeper strategic play here.

The move aligns with the growing consensus that SOL may be undervalued compared to ETH. PayPal noted this too, which prompted its shift from Ethereum to Solana.

Not to forget the recent deployment of the OFFICIAL TRUMP [TRUMP] memecoin on Solana, capitalizing on the network’s lower transaction costs and high throughput.

Solana’s fundamentals speak — Will Wall Street listen?

On a weekly basis, Solana’s DEX volume dominance stands tall, with a $22 billion surge. But it’s the longer-term metrics where the real story begins to unfold.

Since the launch of Ethereum’s ETF last year, Solana has seen an astronomical 224.5% surge in daily active addresses, reaching 3.40 million. 

Meanwhile, Ethereum has experienced an 8.5% drop to 355.1k, illustrating a clear divergence in network activity. But this growth isn’t just theoretical — the SOL/ETH chart is starting to reflect the difference.

Source: TradingView (SOL/ETH)

Specifically, in the July-November period, SOL’s relative strength against Ethereum saw a notable spike. 

This momentum was later accelerated by the launch of the TRUMP memecoin, triggering a 25.33% rally in Solana’s relative value. 

Overall, even with Ethereum’s spot ETF, Solana’s still catching eyes. Big players are moving in, SOL’s use cases are expanding, and SOL/ETH is holding strong at support.

It’s clear — Solana’s undervaluation is becoming more glaring by the day. With all these signals aligning, maybe it’s time Wall Street rethinks its stance on SOL.