Franklin Templeton's market perspective highlights the growing competition between Solana and Ethereum in decentralized finance (DeFi).Solana-based DeFi has shown significant growth, surpassing Ethereum in DEX volume and gaining traction in the market.Ethereum remains a major player with protocols like Lido, Aave, Maker, and Uniswap generating substantial fees.Solana's top DeFi contenders, such as Jito, Jupiter, Kamino, Marinade, and Raydium, have reported rapid growth and low valuation multiples.