‘Monolithic’ blockchains outperformed in September — VanEck
Monolithic blockchain networks like Solana can theoretically process 65,000 transactions per second without using layer-2 scaling solutions.
Auto Added by WPeMatico
Monolithic blockchain networks like Solana can theoretically process 65,000 transactions per second without using layer-2 scaling solutions.
Solana’s market cap could reach 50% of Ether’s due to its superior transaction throughput, according to asset management giant VanEck.
Solana uses a monolithic structure that allows the network to capitalize on the speed and efficiency absent from modular blockchains.
VanEck expects Bitcoin’s long-term bull market to continue, but miners are struggling.
The Ethereum network could generate $66 billion in free cash flow from transaction fees by 2030, VanEck estimates.
WisdomTree has requested to withdraw its Ethereum Trust registration filing with the SEC while asking to apply the fees as a credit for “future use.”
Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs.
According to analysts at VanEck, Ethereum’s share of decentralized exchange trading volume has dropped from 42% in 2022 to 29% in 2024.
Solana ETF approvals are extremely unlikely this year, though VanEck’s head of digital assets, continues to believe in them.
Bitcoin’s major sell-offs are over and now analysts see the US election and global liquidity as the next big drivers for Bitcoin.
