The Solana network and the Ethereum network are definitely competitors. Until recently Ethereum was the blockchain providing most of DeFi and NFT services, but Solana has emerged with similar services.
Solana transactions are cheaper and faster and they also consume less energy. Ethereum offers a more mature ecosystem with plenty of dApps and many people able to service them. It also integrates better with other blockchains.
Solana's problems are that is has much less nodes that Ethereum so concerns of centralization arise. Its network has suffered outages, showing not as reliable as Ethereum. The main problems with Ethereum are its high cost per transaction and its issues with scalability, with difficulty competing with newer networks like Solana.
Just as Solana can mature and grow in number of dApps and people operating them, Ethereum can also work on making its transactions cheaper and more efficient. In the end, it will be a matter of seeing how things evolve.
until last year Solana was better than Ethereum, this year Ethereum seems to be doing a little better and the transaction fees are sometimes bearable
The success of Ethereum will depend on the price of its small transactions, I think. Thanks for your support!
I think if Solana manages to increase its validator count and reduce downtime, there is a chance that SOL could become a strong competitor to Ethereum in the future. I hope so!
Its low prices per transaction are really attractive
Sol and eth have several different good features. So in both cases, the beautiful features have been highlighted by you. Thanks a lot for sharing about these.
Thanks for your support!