- “Momentum favors Solana”: Essential metric highlighted by Qiao Wang
- Ethereum (ETH) nonetheless controls over half of DeFi TVL, Solana (SOL) sits at 7.77%
Alliance DAO’s Qiao Wang, seasoned cryptocurrency analyst and co-founder of Messari, shared the statistics of founders making use of for funding to his fund in 2022-2025. Ethereum (ETH) is dropping its dominance for 30 months in a row — and the neighborhood is stunned by the names of another prime in style blockchains.
“Momentum favors Solana”: Essential metric highlighted by Qiao Wang
In terms of the variety of tasks asking for funding in Alliance DAO, Solana-based and Ethereum-based protocols are competing nose-to-nose in 2025. On the identical time, Solana’s (SOL) metric is getting traction and Ethereum (ETH) would possibly quickly lose its supremacy.
Momentum favors Solana (SOL), Qiao Wang says, and the community would possibly very quickly develop into the biggest chain for brand new founders. As per the chart shared by the analyst, in H1, 2025, Ethereum’s (ETH) share within the metric dropped under 50% for the primary time in historical past.
Solana (SOL) has been growing its share since late 2022. Submit-FTX collapse, Solana (SOL) managed to do away with the associations with SBF-related merchandise.
Focused by large criticism, Polkadot (DOT) surprisingly stays within the prime 10 by the variety of tasks making use of for funding.
Filecoin (FIL), Cosmos (ATOM), BNB Sensible Chain (BSC), Bitcoin (BTC), Avalanche (AVAX), Sui (SUI) and Aptos (APT) are additionally within the elite membership.
Ethereum (ETH) nonetheless controls over half of DeFi TVL, Solana (SOL) sits at 7.77%
On the identical time, for some metrics, Ethereum (ETH) stays the dominant blockchain amid all programmable networks.
As an example, as per the DefiLlama tracker, Ethereum’s (ETH) protocols are chargeable for over 51.2% of world DeFi TVL. Out of $102 billion in equal, the oldest good contracts community nonetheless covers over $52 billion.
Solana’s TVL is sitting at mediocre 7.77%. In the meantime, by the variety of energetic addresses, Ethereum (ETH) is lagging behind Solana (SOL), Tron (TRX), and is able to slip under BNB Sensible Chain (BSC).