The fight among blockchain networks in the quick-paced world of decentralized finance (DeFi) has never been fiercer. Ethereum has been the undisputed champion of DeFi app dominance for years, but in the past year, Solana has made an attempt to usurp its crown.
With lightning speeds, virtually zero fees, and increasing developer adoption, everyone wants to know: Will Solana lead the charge in DeFi apps?
Let’s dig into what is fueling SOL to ETH boom, how it compares to Ethereum, and whether it can become decentralized finance’s new home.
Solana’s DeFi industry is booming Solana has come a long way from being a high-speed, low-cost substitute for Ethereum. Throughout 2024 and early 2025, its DeFi universe saw rapid growth with the addition of simple-to-use protocols, new staking products, and new DeFi primitives.