Solana (SOL) Surges Against Ethereum (ETH), SOL/ETH Exchange Rate Hits 0.086 — Up 85% Year-Over-Year

The Solana (SOL) to Ethereum (ETH) exchange rate has surged past 0.086, marking a significant milestone in SOL’s ongoing rally relative to ETH. According to Wu Shuo’s latest market update, the SOL/ETH pair is now on track to register its highest daily closing price on record.Over the past 12 months, the SOL/ETH ratio has climbed approximately 85%, reflecting Solana’s growing dominance in the smart contract and decentralised applications space. This performance highlights a broader market shift as Layer-1 alternatives like Solana continue to gain ground on Ethereum’s long-standing dominance.What’s Driving SOL’s Outperformance?Solana’s strong performance can be attributed to:Institutional interest in a potential SOL ETF, bolstered by recent regulatory optimism.Rapid ecosystem growth, including surges in NFT volume, memecoin activity, and GameFi development.Faster transaction speeds and lower fees than Ethereum mainnet enhance user and developer adoption.SOL vs ETH: The Battle of Layer-1sAs of today, SOL/ETH is trading at 0.086, with analysts eyeing a breakout above this level as a signal of continued upward momentum. Should current trends persist, Solana may further challenge Ethereum’s market share, especially among newer decentralized apps and retail users.