Solana has had a strong bounce back from its lows of the past two years following the FTX crash as a result of recent upgrades. Experts now consider Solana a strong contender for new decentralized apps and smart contracts, drawing comparisons to Ethereum (ETH) as investors look to pick.
However, the new platform ETFSwap (ETFS) has stolen the spotlight, presenting crypto investors with a huge opportunity to bet on the future of the ecosystem.
Solana Vs. Ethereum (ETH) Battle Continuous Amid Demand For High Scalability
Solana launched as a third-generation blockchain and, by definition, offers something different from previous generations, such as Bitcoin (BTC) or Ethereum (ETH). Solana (SOL) was dubbed the Ethereum killer when it launched, and it lived up to the name with its impressive scalability. Solana (SOL) was designed for high throughput at low network costs and was immediately considered a decent alternative to Ethereum (ETH).
However, as activity piled on Solana (SOL), the network soon faced network congestion, which led to network instability. Solana (SOL) would experience regular downtimes in addition to centralization concerns as a small number of network validators controlled the larger share of the staking power.
Despite these issues, Solana (SOL) was a high-performance crypto asset in the 2021 bull run, even reaching its all-time high of $259. The bear market in the following year was rough for Solana (SOL) and exacerbated by the FTX crash, causing Solana (SOL) to crash below $10.
However, Solana (SOL) is back in contention with other utility networks like Ethereum (ETH) as a result of upgrades and community efforts. As of this writing, Solana (SOL) is trading at $143, which is a 600% price increase in the past year.
Some notable upgrades on the Solana (SOL) network include the QUIC, which is targeted at increasing network throughput and reducing latency. While these exciting tech upgrades make Solana (SOL) a more enticing investment option for crypto enthusiasts, experts have spotlighted newer market opportunities with better potential.
ETFSwap (ETFS) Steals The Spotlight With New Investment Opportunity
ETFSwap (ETFS) has emerged as the next crypto breakout project and is showing early signs of success. The new ETF trading platform presents a unique means to invest and trade ETFs via the blockchain. Leveraging the Ethereum network to tokenized ETF assets, investors will be able to access securities from industries including healthcare, energy, engineering, technology, and more.
ETFSwap (ETFS) emerges as a bridge between centralized and decentralized markets and offers the best of both worlds to investors interested in ETF assets. The emergence of spot crypto ETFs this year has spurred the market to new heights, and the increasing interest in this asset class puts ETFSwap (ETFS) in a good position to excel.
ETFSwap (ETFS) presents some improved features, such as faster ETF settlements even outside of trading hours, zero-KYC trading, crypto-to-ETF swaps, lower trading costs, staking for yields, access to liquidity via lending, and many more. These new features appeal to ETF aficionados who used to trade via a centralized platform.
Also, crypto investors are attracted to the anonymity feature, which allows them to trade assets without providing KYC information. ETFSwap (ETFS) has announced plans for a beta launch in a few weeks, and users are excited to test the platform and provide feedback.
ETFSwap (ETFS) has also announced that the team passed KYC verification by SolidProof, guaranteeing extra safety for investors who invest early in the new ETF project.
Conclusion
Solana (SOL) has initiated some recent upgrades that could support the case for a race against Ethereum (ETH). However, ETFSwap (ETFS) has drawn investors’ attention away from the layer-1 wars and promises some exciting returns. The presale has gone viral, and the popularity currency is a sign of coming success.
Enter ETFSwap (ETFS) presale now for $0.01831, as the price is set to increase to $0.03846 in the next presale stage.
For more information about the ETFS Presale:
- Visit ETFSwap Presale
- Join The ETFSwap Community
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: https://nulltx.com/solanas-latest-upgrades-how-are-competitors-responding/