Recently, James Mullarney, the host of the very popular YouTube channel “InvestAnswers” compared Ethereum ($ETH) to Solana ($SOL), which is perhaps is its strongest rival.

In a YouTube video released on August 28, Mullarney compared Ethereum and Solana with respect to speed, fees, technology, ecosystem, and finally daily active users (DAUs) and breadth of DApps.

According to a report by The Daily Hodl, here are a few highlights from Mullarney’s comments:

  • “Solana wins TPS. Fees are a tie, even though Solana is still cheaper. Technology, Solana we believe is better, even though it has bugs [and] it’s still in beta.“
  • “Ecosystem, Ethereum has the edge. It’s been around much longer and has much more.“
  • “Daily active users and breadth of DApps, Solana slight edge. Therefore, Solana is the winner.“

As for which of $ETH and $SOL is a bigger bargain (i.e. better from the point of of view of a value investor), he said:

“This is the million-dollar question. If you look at value hunting… I uncovered things like Tesla [and] Google before they had big runs and that’s the key here. You’ve got to get into stuff early before they have big runs… If you look at the relative value of this asset compared to others, let’s just look at market caps. If you combine the market cap of Ethereum and MATIC, it is over 17 times larger than that of Solana. Does it do 17 times more? No. That’s my thesis.“

Here is what the InvestAnswers host thinks about the two ecosystems:

“Ethereum has a vast ecosystem. I estimate it is over three times the size of the Solana ecosystem. It’s like 3,000 DApps versus about a thousand DApps, but since Ethereum was the first successful smart contract platform, it had a huge head start, nearly five years over all other protocols in the smart contract space, the layer-1 space… Ethereum’s long-term strategy is very favorable since this technology is not only disruptive, but also based on its platform with incredible growth potential and has the largest development community of all cryptos...

“Solana, however, is catching up in this aspect. Some [of it] still very nascent stage, has about a billion dollars in TVL [total value locked]. I think it’s $1.4 billion or something right now, and this is small compared to the $35 billion on Ethereum.“

Image Credit

Featured Image via Pixabay