Cardano vs Solana: Which network has long-term potential? These metrics suggest…

Cardano vs Solana: Which network has long-term potential? These metrics suggest...

Can Cardano close the gap thanks to its market cap lead?

Before we get into the Cardano vs Solana competition, let’s look at the numerous ways in which the two are similar. They are both Proof-of-Stake networks that have smart contract capabilities, just like Ethereum. BothThe other side of the coin highlights some key differences that may offer insights into which one is currently winning the Cardano vs Solana battle. One of the best ways is to explore key metrics, such as TVL and market cap.total value locked at press time stood at $151.04 million.

While Solana won in TVL, albeit on a technicality, it is clear that Cardano’s TVL is growing at a faster pace. The same growth is also evident in the market caps of the two projects. Cardano maintained a higher market cap than Solana since the start of 2023.Solana’s current TVL underscores a more severe loss from its historic ATH, slightly above the $10 billion. This was at the height of the November 2021 bull market.

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