Scaramucci backs Solana to surpass Ethereum in market cap – here’s why

Scaramucci expects Solana to outperform Ethereum, which currently has a market cap of 303.8 billion USD versus Solana’s 77.4 billion USD. To surpass Ethereum, Solana would need to grow by 3.92 times.

Standard Chartered forecasts that Solana might reach 500 USD by 2029, while predicting Ethereum’s price could escalate to 7,500 USD during the same period.

Solana’s unique active addresses recently surpassed 5 million compared to Ethereum’s 370,238. However, Ethereum still leads in total value locked, holding 55.8% of DeFi share, and Solana has underperformed ETH by 32% in the past two months.

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