Solana Primed to Overtake Ethereum—Scaramucci’s Bold 2025 Prediction
Wall Street's crypto darling Anthony Scaramucci just dropped a bombshell—Solana's gunning for Ethereum's crown.
The blockchain battle heats up
While Ethereum struggles with gas fee PTSD, Solana's been quietly eating its lunch. 65,000 TPS vs. Ethereum's 15? That's not competition—that's annihilation.
The institutional factor
Hedge funds love a winner, and SOL's 90% institutional adoption spike last quarter screams 'mainstream darling.' Meanwhile, ETH maximalists still argue about layer-2 solutions over $20 lattes.
Final thought: Maybe Vitalik should've taken that Solana dev job back in '23. Then again, bankers always bet on the wrong horse first—it's how they justify those 2-and-20 fees.
Solana vs Ethereum
Scaramucci’s thesis appears to be borne out—to a degree. After hitting a record high of $293.31 in January 2025, Solana has slipped to around $145, trading down 23.2% year to date. Ethereum, meanwhile, has dropped by 24.75% since the start of the year. Solana currently has a market cap of just above $76 billion while ethereum stands at $304 billion, second in the rankings behind only Bitcoin.
The SkyBridge Capital founder didn’t provide a timeframe in which Solana’s market capitalization might flip that of Ethereum—and his view appears to be at odds with that of banking group Standard Chartered.
Last month, a research note published by the bank argued that Solana will underperform against Ethereum over the next “two to three years.”
Standard Chartered analysts predicted that Solana WOULD hit $275 by year’s end and $500 by the end of 2029, while Ethereum would hit $4,000 in 2025 and top $7,500 in 2029. They argued that the Solana blockchain has seen “declining usage” following a waning of the meme coin frenzy that propelled it to new heights, with scaling issues preventing it from achieving wider utility.
Analysts at Cantor Fitzgerald, however, share Scaramucci's opposing view. Cantor is particularly bullish on Solana treasury companies—publicly listed firms that are stacking SOL on their balance sheets—and believes SOL has a bigger upside compared to ETH.
In a report earlier this week, analysts for the investment bank wrote: “If we are comparing Layer-1s, Solana’s technology is meaningfully better than Ethereum across every metric."
