.Solana leads Ethereum in a crucial ecosystem niche
As Layer-1 blockchain protocols, the duo of Ethereum and Solana both have decentralized finance ecosystems. While Solana has a notable functional DeFi ecosystem, it is by no means a match for Ethereum.
Data from DefiLlama pegs the total value locked on Ethereum at $26.7 billion, a figure that surpasses more than half of the entire industry TVL. Solana's TVL, on the other hand, is pegged at $265.57 million.Their respective market capitalization is also a major distinguishing metric, with Ethereum's pegged at $231.17 billion while that of Solana is pegged at a mere $7.38 billion.
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