Fidelity sees Ethereum as a stronger long-term bet compared to Solana, despite Solana's rapid gains in revenue and total value locked (TVL).
Ethereum's robust ecosystem, developer engagement, stablecoin usage, and TVL are highlighted by Fidelity as signs of its foundational strength.
Solana's momentum is attributed to its low-cost, high-speed blockchain architecture, making it popular for trends like memecoins, though Fidelity cautions about market trends' cyclical nature.
While Solana's upcoming Firedancer upgrade aims to enhance scalability, Fidelity maintains that Ethereum's fundamental value surpasses Solana's speed-driven growth for institutional and long-term investors.