Fantom Vs Solana - Which Is A Better Investment

Crypto is a place where investors are constantly learning new things every day. You hear about different tokens and coins all the time. While many people understand what these mean, others find it difficult to keep track of everything. Let’s take for example the recent surge in interest for two new coins: Fantom and Solana. They are both layer 1 digital assets that investors should know about. In this post, we explain what sets these two coins apart from one another so that you can determine which is best for your portfolio and financial situation.

What is Solana?

Solana is a blockchain technology that is designed to scale and support massive amounts of data. The Solana team is working to create a public, distributed ledger that can process up to 10,000 transactions per second (tps). This is impressive, considering that Ethereum can currently process only 15 tps (pre merge). Solana uses proof of stake (POS) as their consensus mechanism which allows miners to use existing coins to validate transactions and mints new ones. This is a much better system to use compared to what Ethereum uses which is proof of work (POW). This allows Solana to be much more scalable than Ethereum.

This means that while it’s a decentralized network, there is also a centralized authority that manages the data. Currently, this authority is managed by the Solana team. This is done to ensure that the network runs smoothly until it is large enough to be self-sustaining.

You can view a more in depth break down of Solana here.

What is Fantom?

Fantom is a decentralized and distributed computing network that promises to be faster, cheaper, and more secure than traditional cloud computing. Fantom wants to change the way that we think of cloud computing. The FTM is a utility token that is used to incentivize users to share their computer power and become “nodes” on the network. Fantom claims that this network is 10,000 times more efficient than Ethereum and 10,000 times cheaper than AWS. The team behind Fantom has already built a network that demonstrates this speed and efficiency.

Compare: Solana vs. Fantom

To determine which of these two investments is better, let’s take a look at some key factors like price, market cap, circulating supply, etc. Solana (SOL) - $ 33 USD Fantom (FTM) - $ 0.031317 USD So right off the bat, we can see that Fantom is the cheaper of the two options and the smaller marketcap. The next thing that we need to check is the market cap. The market cap is the total value of all the tokens in circulation. It’s used to determine how much a coin is worth at its highest potential. Solana - $11,602,479,499 USD Fantom - $ 584,098,850 USD The market cap for Solana is much larger than that of Fantom. So, if market cap is any indication, Solana could be the safer investment choice. It has a much higher value, and it is also more established in the crypto world.

 

Transaction Speeds

Both Solana and Fantom boast impressive transaction speeds in comparison to other layer 1 networks available. With Solana boasting upwards of 10,000 TPS while currently running around 2,000 TPS versus Fantom boasting also upwards of 10,000 TPS and currently running 10 TPS we can see a clear difference in the current numbers.

Now you may be thinking, well 10 TPS doesn’t sound very fast but in comparison to a lot of other layer 1’s currently available this is actually a pretty good speed.

I think we can see a clear winner here when it comes to transaction speeds and that is Solana.

 

Reliability

No one wants to use a network that is unreliable and no one wants to store money on a network that may be down when they need it.

This has been the bane for Solana for months as they experienced downtimes and outages especially during hyped NFT mints. However, the Solana team rolled out an update in the recent months that has seemed to have fixed this as there has not been a downtime for the past few months. Considering that Solana is seeing all time high traffic and use this is a great sign.

Fantom on the other hand is still experiencing outages even just in the past couple of downs with validators going down and outages being reported across the board. The Fantom team was very fast to respond to this and get things back up and running which shows great team work.

Which is a better investment?

So far, it looks like Solana is the better investment. However, we need to look at the potential for growth and risk for each coin. Investors like to see a coin that is growing in value and has lots of room for potential in the future. Fantom may be cheaper, but it is also a newer project that could potentially have more growing to do. Solana has been around longer and has already established itself as a real contender in the crypto world.

Final Words

So far, it seems that Solana is the better investment between the two. It is faster, more reliable and more established in the crypto world, and has a higher market cap. The only thing that Fantom has going for it is that it is cheaper and possibly has more room for growth. Investors should keep a close eye on both of these coins. Both are fairly new projects and could make big gains if they are successful. However, only time will tell which coin is the better investment.

I have written a handful of articles and comparison on Solana which can be viewed at the below links.
Polkadot Vs Solana
Polygon Crypto Vs Solana
A fundamental breakdown of Solana

Crypto is a place where investors are constantly learning new things every day. You hear about different tokens and coins all the time. While many people understand what these mean, others find it difficult to keep track of everything. Let’s take for example the recent surge in interest for two new coins: Fantom and Solana. They are both layer 1 digital assets that investors should know about. In this post, we explain what sets these two coins apart from one another so that you can determine which is best for your portfolio and financial situation.

What is Solana?

Solana is a blockchain technology that is designed to scale and support massive amounts of data. The Solana team is working to create a public, distributed ledger that can process up to 10,000 transactions per second (tps). This is impressive, considering that Ethereum can currently process only 15 tps (pre merge). Solana uses proof of stake (POS) as their consensus mechanism which allows miners to use existing coins to validate transactions and mints new ones. This is a much better system to use compared to what Ethereum uses which is proof of work (POW). This allows Solana to be much more scalable than Ethereum.

This means that while it’s a decentralized network, there is also a centralized authority that manages the data. Currently, this authority is managed by the Solana team. This is done to ensure that the network runs smoothly until it is large enough to be self-sustaining.

You can view a more in depth break down of Solana here.

What is Fantom?

Fantom is a decentralized and distributed computing network that promises to be faster, cheaper, and more secure than traditional cloud computing. Fantom wants to change the way that we think of cloud computing. The FTM is a utility token that is used to incentivize users to share their computer power and become “nodes” on the network. Fantom claims that this network is 10,000 times more efficient than Ethereum and 10,000 times cheaper than AWS. The team behind Fantom has already built a network that demonstrates this speed and efficiency.

Compare: Solana vs. Fantom

To determine which of these two investments is better, let’s take a look at some key factors like price, market cap, circulating supply, etc. Solana (SOL) - $ 33 USD Fantom (FTM) - $ 0.031317 USD So right off the bat, we can see that Fantom is the cheaper of the two options and the smaller marketcap. The next thing that we need to check is the market cap. The market cap is the total value of all the tokens in circulation. It’s used to determine how much a coin is worth at its highest potential. Solana - $11,602,479,499 USD Fantom - $ 584,098,850 USD The market cap for Solana is much larger than that of Fantom. So, if market cap is any indication, Solana could be the safer investment choice. It has a much higher value, and it is also more established in the crypto world.

 

Transaction Speeds

Both Solana and Fantom boast impressive transaction speeds in comparison to other layer 1 networks available. With Solana boasting upwards of 10,000 TPS while currently running around 2,000 TPS versus Fantom boasting also upwards of 10,000 TPS and currently running 10 TPS we can see a clear difference in the current numbers.

Now you may be thinking, well 10 TPS doesn’t sound very fast but in comparison to a lot of other layer 1’s currently available this is actually a pretty good speed.

I think we can see a clear winner here when it comes to transaction speeds and that is Solana.

 

Reliability

No one wants to use a network that is unreliable and no one wants to store money on a network that may be down when they need it.

This has been the bane for Solana for months as they experienced downtimes and outages especially during hyped NFT mints. However, the Solana team rolled out an update in the recent months that has seemed to have fixed this as there has not been a downtime for the past few months. Considering that Solana is seeing all time high traffic and use this is a great sign.

Fantom on the other hand is still experiencing outages even just in the past couple of downs with validators going down and outages being reported across the board. The Fantom team was very fast to respond to this and get things back up and running which shows great team work.

Which is a better investment?

So far, it looks like Solana is the better investment. However, we need to look at the potential for growth and risk for each coin. Investors like to see a coin that is growing in value and has lots of room for potential in the future. Fantom may be cheaper, but it is also a newer project that could potentially have more growing to do. Solana has been around longer and has already established itself as a real contender in the crypto world.

Final Words

So far, it seems that Solana is the better investment between the two. It is faster, more reliable and more established in the crypto world, and has a higher market cap. The only thing that Fantom has going for it is that it is cheaper and possibly has more room for growth. Investors should keep a close eye on both of these coins. Both are fairly new projects and could make big gains if they are successful. However, only time will tell which coin is the better investment.

I have written a handful of articles and comparison on Solana which can be viewed at the below links.
Polkadot Vs Solana
Polygon Crypto Vs Solana
A fundamental breakdown of Solana

Related Posts

Get the latest Crypto news before anyone else sees it.

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form