Ethereum has been the largest and most dominant blockchain in the crypto industry ever since it emerged, but Sygnum Bank recently suggested that this might change thanks to a new trend.
Financial Institutions Are Choosing Solana Over Ethereum
The new trend revolves around financial institutions that started rolling out real-world asset (RWA) tokenization platforms and stablecoins. To them, Solana seems like a much better option than Ethereum thanks to its speed and low prices, which could allow the younger chain to ‘seriously challenge’ Ethereum in the long term.
Sygnum Bank pointed out that Solana is simply more scalable, and that a PayPal executive recently said during a Solana event that Ethereum is not the best solution for payments.
Ethereum will forever be the second-most important crypto project to ever be developed, bested only by Bitcoin itself, which started the crypto industry. Ethereum unveiled all the capabilities of blockchain technology, and pretty much every new trend and sector that has emerged since then first emerged on Ethereum’s network.
However, when it comes to its technology, it simply remains too slow and too expensive and is unable to scale and change that. Traditional financial companies that are entering the crypto industry see that as well, and they are turning to Solana, instead.
Visa did it with its recent integration of Solana for USD Coin settlement, and so did the trillion-dollar asset manager Franklin Templeton, who announced plans to launch a mutual fund on Solana. Solana also saw massive growth in its meme coin sector in 2024, launching some of the current top-ranking meme coins.
Of course, none of this means that Ethereum will be forgotten, or even that Solana will be able to outperform it since the second-largest crypto by market cap still has plenty of unique use cases and one of the most developed networks in the industry. Ethereum has its own future in the crypto sector, but Solana is more likely to win the traditional financial industry that is seeking to join the crypto sector.
In other words, both Ethereum-based cryptos and those on Solana are still perfectly valid investments, and buying them is not the issue. Finding a good place to store them is a more important matter, which is where Best Wallet comes in.
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What Is Best Wallet?
Best Wallet is a new wallet for cryptocurrencies, allowing users to store both Bitcoin and other assets. Beyond just depositing and storing tokens into it, Best Wallet lets you buy and swap coins and tokens, as well.
It is available on both Android and iOS devices, and it is a multi-chain, multi-wallet, and non-custodial. It supports over 60 different chains and all of their cryptocurrencies, so you can pretty much store most cryptos out there with ease. A full list of features includes buying, selling, storing, depositing, sending, swapping, staking, spending, and securing your coins and tokens. You can also manage your portfolio, engage in iGaming, and use it as a presale aggregator.
STORE YOUR COINS IN THE BEST WALLET AND START EARNING BEST TOKENS
The wallet has its own cryptocurrency, the BEST token, which you can get during the Best Airdrop campaign. Simply register and start earning BEST instantly by completing Daily and One-Time Quests, and engaging with the Best Wallet socials.
It is the best wallet to store your cryptos as you prepare for the upcoming bull run, and keep all of your options open.
