Solana (SOL) Unveils Plan to Challenge Ethereum’s Dominance: “1 Million Transactions Per Second” by 2025
- Why Is Solana Gaining Traction Among Investors?
- How Does Solana Stack Up Against Ethereum?
- What’s Driving Solana’s Adoption in Latin America?
- Can Solana Overtake Ethereum?
- FAQs About Solana’s Growth
Solana (SOL) is making waves in the crypto world with its ambitious plan to scale to 1 million transactions per second, aiming to rival ethereum (ETH). With a 647.7% price surge in 2023 and a growing ecosystem, Solana is positioning itself as a high-speed, low-cost alternative. The upcoming Firedancer upgrade promises to boost its capabilities further. Meanwhile, Ethereum still leads in market cap and DeFi dominance, but experts believe both blockchains can coexist and thrive in a multi-chain future.
Why Is Solana Gaining Traction Among Investors?
Solana’s rise to prominence isn’t just about its eye-popping 647.7% price rally in 2023. The blockchain has carved a niche for itself by offering faster transactions and lower fees compared to Ethereum. Sheraz Shere, Solana’s GM of Payments & Commerce, recently revealed at the Stablecoin Conference 2025 in Mexico City that the network is targeting a staggering 1 million transactions per second with its Firedancer validator client—a tenfold increase from its current 100,000 TPS. Settlement times could drop to 150 milliseconds, down from 400 milliseconds today. "Solana consistently tops the charts in transfer speeds, settlement times, and network fees," Shere noted. "That’s why it processes more transactions than all other blockchains combined."
How Does Solana Stack Up Against Ethereum?
Despite Solana’s impressive metrics, Ethereum remains the undisputed leader in market capitalization ($400 billion ahead) and DeFi adoption, commanding 60% of total value locked (TVL). Solana, per DefiLlama, holds just 7.5%. But Murilo Cortina of QR Asset Management argues the two aren’t direct rivals: "Ethereum is the DeFi gold standard, while Solana excels in niches like memecoins and high-throughput applications." Rony Szuster from Mercado Bitcoin adds, "Both chains will grow exponentially as the industry moves toward a multi-chain ecosystem."
What’s Driving Solana’s Adoption in Latin America?
Data from Bitso’sreport shows SOL is the third-most-held asset among Brazilian users, trailing only bitcoin and stablecoins. Bárbara Espir, Bitso’s Brazil Country Manager, credits Solana’s 764% price growth over three years—outpacing Bitcoin (325%) and Ethereum (167%)—to its speed, low fees, and mobile-friendly solutions. "Users are flocking to Solana for everyday transactions," she says.
Can Solana Overtake Ethereum?
Short answer: Not yet. Ethereum’s first-mover advantage and institutional liquidity give it an edge, but Solana’s focus on scalability and mobile integration could narrow the gap. As Szuster puts it, "The future isn’t winner-takes-all—it’s about chains specializing in their strengths." One thing’s certain: with upgrades like Firedancer on the horizon, the "Ethereum killer" narrative isn’t going away.
FAQs About Solana’s Growth
How fast is Solana compared to Ethereum?
Solana currently processes ~100,000 TPS (vs. Ethereum’s ~30 TPS) with 400ms settlement times, aiming for 1M TPS and 150ms post-Firedancer.
Why is Solana popular in Brazil?
Low fees and mobile accessibility make it ideal for remittances and retail crypto use, per Bitso’s data.
Will Solana replace Ethereum?
Unlikely—experts see them coexisting, with Ethereum leading in DeFi and solana in high-speed applications.
