PANews reported on May 9 that according to Cointelegraph, the latest research by cryptocurrency bank Sygnum pointed out that Solana has not yet shown sufficient evidence to replace Ethereum as the preferred blockchain for institutions. The report shows that because Solana's revenue is highly dependent on Meme coin transactions, its revenue stability is questioned. In contrast, Ethereum still has obvious advantages in security, stability and institutional recognition. Data shows that Ethereum's actual revenue scale is 2-2.5 times that of Solana. It is worth noting that the handling fees generated by the Solana network mainly flow to the verification nodes and have not been effectively converted into the value growth of SOL tokens. In March of this year, the Solana community rejected a proposal to reduce the inflation rate, reflecting its conservative attitude towards token economic reform.

The report also pointed out that if Solana can make breakthroughs in more stable income areas such as stablecoins and tokenization, there is still a chance to catch up with Ethereum. Currently, Ethereum maintains a leading position in institutional application scenarios, which have received widespread support from traditional financial institutions.