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Fidelity: ETH fundamentals still maintain a leading position, Solana relies heavily on meme coin and is greatly influenced by bull and bear.
The latest report from asset management giant Fidelity points out that Ethereum (Ethereum) has an advantage in the long term due to sound fundamentals, while Solana attracts the market in the short term with fast transactions and low costs. (Summary: 2024 Public Chain Industry Annual Report: From Infrastructure Competition to Application Breakthrough) (Background supplement: China's Central Bank released the "Financial Stability Report": a large mention of the progress of global cryptocurrency supervision, praising Hong Kong's dual license system) Despite the recent heavy selling pressure on the cryptocurrency market, the latest report from asset management giant Fidelity states that Ethereum is leading the long-term market with solid fundamentals, while Solana is showing rapid rise potential in the short term. Fidelity's report believes that cryptocurrency is ushering in a new era for many years, which will fully penetrate national policies and financial markets, becoming an important part of global asset allocation. Fidelity noted that as BTC crosses the $100,000 mark, there is still an opportunity to enter the cryptocurrency market. Ethereum vs Solana: Short-term and long-term performance difference According to Fidelity's 2025 Outlook Report, Ethereum's strengths lie in stable fundamentals such as an active developer community, total lock-up value (TVL) and stable coin supply. In contrast, Solana's revenue is faster than TVL rise, but it relies mainly on meme coin trading revenue, which is susceptible to the cycle of Bull Market and bear markets. Fidelity compares Solana's short-term performance to Ethereum's early reliance on Decentralizationexchange Uniswap, but argues that Ethereum's core values are less speculative and have a more solid foundation. "Short-term price trends tend to be driven by market narratives, and Solana is particularly strong in this regard, especially when considering the upgrade plans of the two networks," the report said. On the other hand, Solana's Firedancer upgrade is expected to significantly increase transaction speed, while Ethereum's Prague/Electra (Pectra) upgrade can focus on improving functionality, scalability and user security. However, Fidelity noted that the Pectra upgrade has a limited direct impact on the value of Ethereum's investment and may struggle to attract investors' attention. At present, Ethereum still retains a significant advantage in the popularity of exchange-traded products (ETP). However, future regulatory policy changes could change this and become an important variable worth following in 2025. BTC and other Block Chain development prospects At the same time, Fidelity is optimistic about BTC's performance in 2025, believing that it can maintain value in multiple economic scenarios. At the same time, more countries, central banks and sovereign funds are expected to follow Bhutan and El Salvador by including BTC in their national reserves. Fidelity said: In the face of high inflation, coin depreciation and fiscal deficit pressure, the risk of not allocating BTC may be higher than the risk of allocation. In fact, we believe we may be entering the dawn of a new era of encryption assets that will last for years, if not decades. This era is likely to see assets such as encryption permeate every sector – industry, technology, sectors, balance sheets, and even nation-states. The report mentions that although the application scale of Stable Coin is expanding rapidly, there is still a need to further address compliance risks and cross-chain interaction interoperability. In the future, Stable Coin may coexist with coin-based bank deposits, further improving the efficiency of asset transactions while maintaining the global reserve coin status of the US dollar. Finally, Fidelity believes that coin will become a "killer application" in 2025, and the notional value of on-chain physical assets will grow from $8 billion in 2023 to an estimated $14 billion, and institutional recognition of the advantages of the Block chain is continuing to rise. Related Stories 2024 Public Chain Industry Annual Report: From Infrastructure Competition to Application Breakthrough China Central Bank Releases Financial Stability Report: Extensive Mention of Global Cryptocurrency Regulatory Progress and Praise Hong Kong's Dual License System On-chain Transaction Annual Report: The number of new monthly users is up to 19.4 million, and the Base chain contributes nearly 70% increment (Fidelity: ETH fundamentals still lead, Solana relies on meme coins and is greatly influenced by bulls and bears" This article was first published in BlockTempo, the most influential Block chain news media.