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Investing Insights & Views People

Solana Could Flip Ethereum, Says Scaramucci Amid Growing Optimism

Daniel Lee

Solana Could Flip Ethereum, Says Scaramucci Amid Growing Optimism. Source: Collision Conf, CC BY 2.0, via Wikimedia Commons

At the DigiAssets 2025 conference, American investor Anthony Scaramucci made headlines by predicting that Solana (SOL) could eventually surpass Ethereum (ETH) in market cap. While he didn’t specify a timeline for this potential "flippening," his stance adds momentum to the ongoing debate between the two top smart contract platforms. As of now, Ethereum commands a $304 billion market cap, while Solana trails at $76.5 billion.

Scaramucci, founder of SkyBridge Capital, has long favored Solana, citing its lower fees and faster transaction speeds compared to Ethereum. He previously stated that Solana could be a dominant force in tokenization and even tweeted about the potential of a Solana ETF before VanEck filed for such a product with the SEC.

Despite his bullish outlook, Solana has had a turbulent year. In January, SOL gained 64% against ETH, capitalizing on Ethereum's weak performance. However, Ethereum rebounded strongly, leading to a 25% drop in the SOL/ETH ratio in May and another 6% decline so far in June. Year-to-date, Solana is underperforming Ethereum.

Scaramucci isn’t alone in his optimism. Qiao Wang of Alliance DAO also believes Solana could flip Ethereum, crediting its growing popularity among new Web3 founders. Santiago R Santos, founder of Inversion Capital, echoed similar sentiments last year, stating that there’s no clear reason Solana shouldn’t be valued equally with Ethereum.

While Ethereum continues to dominate in adoption and developer activity, Solana's efficiency and growing support from influential investors suggest the competition is far from over. As institutional interest builds and real-world use cases evolve, Solana's potential to rival Ethereum remains a compelling narrative in the crypto landscape.

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Great article. Requesting a follow-up. Excellent analysis.

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Great article. Requesting a follow-up. Excellent analysis.
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