The crypto market continues to witness a tug-of-war between Ethereum and Solana for investor attention, but experts at Swiss crypto bank Sygnum remain confident — ETH remains unrivaled. Meanwhile, major companies are actively accumulating BTC and SOL, strengthening institutional positions in crypto assets.
Solana Unlikely to Overtake Ethereum — Sygnum
According to analysts at Swiss crypto bank Sygnum, Solana is unlikely to surpass Ethereum and become the primary platform for institutional investors. In their latest report, experts emphasize that despite Solana’s current popularity and strong metrics in transaction volume and fees, Ethereum retains **key advantages** critical for long-term players.
Sygnum acknowledges that market sentiment toward Ethereum is currently negative. This stems from the Dencun hard fork, after which a large portion of activity shifted to L2 solutions — reducing congestion and fees on the mainnet. However, it also lowered visible activity on the L1 layer, which some interpret as a waning interest in the network.
Nevertheless, experts point to Ethereum’s solid fundamental advantages: security, mature architecture, a broad ecosystem, and high yield. According to Sygnum, Ethereum’s yield is nearly 2.5 times higher than that of Solana. The only exception was a brief period tied to the hyped launch of TRUMP and MELANIA tokens — a project associated with Donald Trump’s family.
Lido Update: stakers can now influence DAO decisions
An important development has also occurred in the Ethereum ecosystem — the Lido Finance team announced the launch of LIP-28 Dual Governance, a dual-governance mechanism that enables stETH holders to block or delay DAO decisions.
Previously, Lido users who disagreed with DAO proposals had no real way to protest or exit the protocol in real time. Now, they will be able to move their stETH into a special escrow contract, signaling dissent.
Once the amount of locked tokens reaches 1% of the total staked volume in the protocol, the DAO decision is automatically delayed, with the length of the delay depending on the amount of stETH in escrow. This creates a balance of interests between LDO governors and regular participants, enhancing decentralization and trust in Lido.
BTC and SOL Continue to Be Accumulated by Large Companies
Amid market volatility, institutional players continue to accumulate cryptocurrencies, particularly Bitcoin and Solana.
U.S.-based company KULR Technology purchased an additional 42 BTC worth $4 million. As of May 9, the company holds 716.2 BTC, with total investments of $69 million and an average purchase price of $96,342.
Also making moves is Metaplanet — a Japanese public company often dubbed the “Asian MicroStrategy.” It increased its reserves by 555 BTC, spending $53.4 million. The company now holds 5,555 BTC, acquired for a total of $481.5 million (average price — $86,672). It was also revealed that Metaplanet plans to raise another $25 million via bond issuance — funds that will be used to further purchase BTC.
Beyond Bitcoin, altcoins are also attracting attention. For instance, SOL Strategies acquired 122,524 SOL worth $20 million, fully utilizing a new credit line from ATW. This underscores the growing trust in Solana from investment funds, despite ongoing skepticism about its ability to compete with Ethereum at the institutional level.
Despite temporary criticism and reduced activity on its mainnet, Ethereum remains a core asset in institutional portfolios due to its reliability, ecosystem, and yield. Solana is rapidly gaining popularity for its speed and scalability, but according to experts, is not yet ready to serve as the primary blockchain for large investors.
Meanwhile, major companies continue to accumulate crypto assets, strengthening the market and signaling long-term confidence in the future of cryptocurrencies — whether it’s BTC, ETH, or SOL.
