CryptoETHRare Ethereum vs. Solana Comparison by Legendary Trader Raoul Pal

Rare Ethereum vs. Solana Comparison by Legendary Trader Raoul Pal

Legendary crypto trader and investor Raoul Pal has weighed in on the supremacy debate between the two prominent Proof-of-Stake (PoS) Layer-1 networks Ethereum (ETH) and Solana (SOL). For Pal, using Solana comes with a very different feel that makes it a top contender as a relatively more user-friendly option.

He said that once someone starts using Solana, it “feels super fast, slick, inviting and easy for the user”. The accolade on Solana underscores the general perception most industry leaders have of the top coin, especially as it has been able to do in its price action post-FTX implosion.

Raoul Pal is known in the industry for his commentary that is deeply rooted in on-chain analysis; however, choosing to comment on the battle between Ethereum and Solana based on pure fundamentals is considered a rare move.

In his analysis, Pal compares Ethereum to the Apple (NASDAQ:AAPL) of the blockchain world, while he considers Ethereum to be the Android. The connotations are clear, as Solana wins the performance battle based on its speed, while Ethereum’s massive stockpile of hosted decentralized applications (dApps) makes the Android comparison a good description.

Solana and Ethereum Have Thriving Ecosystems

Almost anything Ethereum can do, Solana can do as well. It seems that Raoul Pal has made extensive use of some of Solana’s applications, as he attested to the ingenious designs of Phantom Wallet, Solana’s most popular unhosted wallet. He confirmed this when an X user asked him for his feedback on Phantom Wallet, and in his response he said

Solana has impressed its owners in a remarkable way, with Raoul Pal he has been bullish all year. The coin earlier this month as it wiggles away from the effects of the continuous sell-off of FTX, the bankrupt exchange that sought ways to free up funds to pay its investors and creditors.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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