VanEck Says SOL Has The Potential To Reach 50% of Ethereum’s Market Cap

With Solana being named the ‘Ethereum Killer’, VanEck has said that the network has the potential to reach 50% of Ethereum’s market cap. A recent report from its research firm notes that SOL could eventually target a $330 price, as it narrows the gap on ETH. VanEck also highlighted how Solana processes 3,000% more transactions than Ethereum at a nearly 5 million percent lower cost for transaction fees, and its daily active users are up about 1,300%. Also, the use cases in DeFi, payments, and remittances make Solana a hot contender to continue higher.