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Crypto Bank Sygnum Predicts Solana Will Struggle to Beat Ethereum Due to Revenue Tied to Memecoins

  • Sygnum report raises concerns about Solana's ability to surpass Ethereum due to revenue tied to memecoins.
  • Sygnum acknowledges Solana's increasing traction in DeFi and suggests stable revenue sources like tokenization and stablecoins could help.
  • Concerns raised about Solana's tokenomics where fees are mainly distributed to validators, limiting value growth for SOL token.
  • Solana excels in some areas like DeFi, but needs more stable revenue streams to close the gap with Ethereum according to Sygnum.

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