Solana has surged by approximately 600% against Ethereum since 2023 thanks to the memecoin mania.
Solana (SOL) is starting to capture the spotlight as a serious contender to Ethereum (ETH), even though its market capitalization is about four-times smaller than the leading smart contracts platform.
On Oct. 23, the SOL/ETH trading pair climbed to a new record high of around 0.0692 ETH. The move is part of a prevailing bull run that has seen it rallying by 600% since 2023.
SOL/ETH weekly price chart. Source: TradingView
