Solana’s decentralized finance (defi) ecosystem leaving Ethereum behind at growth rate, while performing a more successful performance in terms of income. However, according to the report published by Franklin Templeton on Tuesday, the token values of Solana -based projects are still at low levels compared to Ethereum -based projects. Here is the comparison and report of Franklin Templeton covering five Solana Coin and five Ethereum coins…
Five solana coin, low value
In the report, “Solana defi valuation coefficients are lower than similar projects in Ethereum, although they have significantly higher growth rates. This shows that there is a significant valuation asymmetry ”. Franklin Templeon compared five major projects (LDO, AAVE, ENA, MKR and UNI) in Ethereum ecosystem and five most powerful protocols in the ecosystem (JPO, JUP, KMNO, MNDE and RAY).
According to the analysis, Solana projects recorded an average wage increase of 2,400 %on a yearly basis, while Ethereum projects grew only 150 %. In addition, the median valuation coefficient of Solana projects remained at 9x, while this rate was determined as 18x in Ethereum projects. These trends stand out as a reflection of Solana’s rapid growth in the last year. During the year 2024, especially Memecoin investors brought the network of the network of the decentralized stock exchanges (Dex) to the summit. In January 2025, Solana’s dex trading volume left the entire Ethereum ecosystem behind.
SVM and EVM: Which is superior?
“Defi may be entering a new era in which Solana Virtual Machine (SVM) dominated, and the historical superiority of the traditional Ethereum Virtual Machine (EVM) -based defi ecosystem is weakening”. On the other hand, the alarm bells are not stealing yet for the main network of Ethereum. Franklin Templeton describes Ethereum’s activities that shifted to the layer-2 blockchains as a proof that Ethereum’s scaling strategy has succeeded.
However, the difference between the high valuation of Ethereum -based assets and the relatively low values of Solana may not continue for a long time. “Solana, as a centralized calculation platform continues to prove its durability, the market will probably pricit the leading defi protocols of Solana with similar projects in Ethereum.
