Solana’s Market Cap Threatens Ethereum’s Throne—Scaramucci Bets Big on the Upstart

Move over, Ethereum—Solana's gunning for the crown. Anthony Scaramucci's latest prediction sends shockwaves through crypto circles as SOL flips from 'Ethereum killer' to legitimate rival.

The high-speed blockchain's market cap surge isn't just hype—it's a direct challenge to DeFi's established order. With transaction speeds that leave ETH gasping and institutional money pouring in, this isn't your 2021 meme coin rally.

Wall Street's favorite crypto cheerleader might be right this time—or just desperate to find the next shiny object after missing Bitcoin's last 200% run. Either way, the smart money's watching Solana's charts like hawk-eyed traders watching the Fed's printer.

Scaramucci’s Bet on Solana

Speaking at the event, Scaramucci made it clear he’s backing solana to take a leading position in the crypto world.

“I think SOL will turn ETH around,” he said, clarifying that he wasn’t against Ethereum, but simply believed more in the Solana story. According to Scaramucci, SkyBridge Capital has around $300 million invested across various digital assets, with a significant allocation toward Solana, Avalanche, Polkadot, and Bitcoin.

His remarks suggest growing institutional interest in alternative layer-1 platforms, especially those like Solana that offer faster transaction speeds and lower fees compared to Ethereum.

The Numbers: How Far Is Solana From Flipping Ethereum?

At the time of writing, Ethereum’s market capitalization stands at approximately $303.8 billion, while Solana’s is around $77.4 billion. That means Solana WOULD need to nearly quadruple in value—by around 3.92x—to match Ethereum’s market cap if ETH remained static.

In price terms, this would require Solana to reach about $572.3. By comparison, Standard Chartered has forecast a $500 price for SOL by 2029, while projecting Ethereum could trade at $7,500 by that time. Based on these estimates, Solana would grow, but not overtake ETH anytime soon.

On-Chain Activity: Solana Surging in Usage

While market cap paints one picture, user activity reveals another.

Recent data from Glassnode shows that Solana recorded 5.29 million unique daily active addresses on June 18th. This is a huge leap compared to Ethereum, which had just 370,238 active addresses on the same day.

At its peak in 2025, Solana reached over 10.3 million daily active addresses, a clear sign that its network is gaining traction among users and developers.

This kind of high throughput makes Solana a serious contender, especially for use cases requiring fast, cheap transactions—such as DeFi, NFTs, and payments.

Ethereum Still Leads in DeFi

Despite Solana’s impressive user metrics, Ethereum remains dominant in the decentralized finance (DeFi) space. According to DeFiLlama, Ethereum controls 55.8% of the total value locked (TVL) in the crypto ecosystem, with $62.54 billion locked in DeFi applications.

Solana may be attracting more users, but Ethereum’s lead in value and infrastructure remains unmatched—for now.

Solana will need to attract more capital and developers to its ecosystem to truly challenge Ethereum’s grip on the DeFi sector.

SOL/ETH Pair Shows a Reversal May Be Near

From a technical standpoint, the SOL/ETH trading pair has been stuck in a range since early 2025. Over the past two months, Solana has underperformed Ethereum by 32%, suggesting that ETH has been the stronger of the two in recent market conditions.

However, this could be about to change. The pair is nearing its range low, a potential bounce point. If Solana finds support here, a short-term reversal is possible—meaning it could outperform ETH in the coming weeks.

This could present an opportunity for traders looking to gain exposure to Solana-based assets, especially if momentum begins to shift.

Analyst Opinions Are Split

Scaramucci’s prediction is bold, but not everyone agrees.

Analysts from Standard Chartered believe Ethereum will maintain its dominance well into the next cycle, citing its broad developer ecosystem, strong DeFi presence, and role in token standards like ERC-20 and ERC-721.

Their long-term price outlook reinforces this belief, giving ETH a target nearly 15x higher than its current value, while projecting more modest growth for Solana.

Still, if user growth and technological development on Solana continue at their current pace, it may narrow the gap over time.

What Could Change the Game?

For Solana to surpass Ethereum, several things would need to happen:

• Mass migration of developers from Ethereum to Solana

• Sustained inflows of capital into Solana DeFi projects

• Fewer outages and improvements in Solana’s network stability

• More enterprise adoption and partnerships within real-world use cases

If Ethereum delays its scalability upgrades or fails to reduce fees meaningfully, Solana could gain an edge. But this is a tall order, especially given Ethereum’s current ecosystem advantages.

Final Thoughts: Is the Flippening Possible?

Anthony Scaramucci’s confidence in Solana signals growing support from influential voices in the financial world. While his firm’s allocations reflect a belief in Solana’s potential, the market reality shows there’s still a long road ahead for SOL to flip ETH in market cap.

That said, Solana’s rapid growth in user activity and steady ecosystem development make it one of the top contenders to challenge Ethereum’s dominance in the coming years.

For now, Ethereum remains the leader—but in crypto, leadership can change quickly.