Ethereum (ETH) and Solana (SOL) have been competing for the top spot for quite some years. In a report by Fidelity, the financial institution highlighted that SOL’s revenue and TVL are growing at a higher rate than ETH’s. Despite its positive outlook for SOL, the financial institution gives the edge to ETH for its strong fundamentals.

The report states, “We think fundamentals are most important for long-term investors. With that said, Ethereum has strong developer activity, total value locked (TVL), and stablecoin supply. Comparatively, Solana’s revenue and TVL are improving at a faster rate than Ethereum’s and seem to have captured significant community mind share this past year.“

Ethereum To Remain On Top Of Solana?

Solana’s (SOL) speed and low transaction costs have consistently aided the network’s growth. Fidelity has also highlighted the network’s strong suits.

Despite its bullish outlook, the financial institution has pointed out SOL’s reliance on short-term trends, unlike Ethereum (ETH). Memecoin projects are one of the hottest things on the SOL network. Memecoins often garner short-term gains and don’t drive much investor sentiment. Fidelity notes how the memecoin market only booms during bull cycles and fades out under bearish conditions.

Fidelity states, “Short-term price trends often revolve around narratives, and Solana may be the more notable contender in this regard throughout 2025 given the planned upgrades for both networks.“

According to Fidelity, Ethereum’s (ETH) fundamentals are less in tandem to speculation. Its robust fundamentals make it a more stable project than Solana (SOL).

Also Read: Ethereum Golden Cross Confirmed: Where Is ETH Heading Next?

There is a possibility that Solana (SOL) could overshadow Ethereum (ETH) in the future. The project is yet to launch its Firedancer upgrade. The upgrade aims to greatly enhance scalability. According to reports, the upgrade will increase SOL’s number of transactions per second to close to one million TPS (transactions per second).