Solana News: SOL Emerges As Ethereum Successor: Celestia COO

Highlights

The debate about Solana and Ethereum's rivalry has taken a new turn with Celestia COO's comment.
Celestia COO Nick White expressed that Solana is capable of replacing Ethereum.
He highlighted the network's growing scalability and impeccable performance.

In a recent statement, Celestia’s Chief Operating Officer (COO), Nick White, made waves in the blockchain community by boldly declaring Solana (SOL) as the heir to Ethereum’s (ETH) throne. White’s declaration comes amid Solana’s remarkable performance in the realm of blockchain scalability and adoption.

Celestia COO Lauds Solana’s Potential

Drawing parallels between Solana and Ethereum, White emphasized the striking similarity in the filling of blocks on both networks. He stated, “Solana’s blocks are filling up like Ethereum’s.” This underscores the significance of Solana’s rapid adoption and burgeoning transaction volumes.

White’s confidence in Solana’s potential as the next Ethereum is further boosted by insights from a Solana blog post. Posting a screenshot from the blog, he highlighted the network’s impressive compute capacity. The Celestia COO spotlighted that recently the blocks reached a total compute cap of 48 million CU during periods of congestion.

Moreover, the blog outlined strategies for optimizing program efficiency to accommodate increased transaction throughput, showcasing Solana’s commitment to scalability and user accessibility. Hence, White’s admiration for Solana’s achievements shone throughout his statement as he urged observers to “admire and respect” the network’s monumental strides in blockchain technology.

Also Read: Issuance.Swiss Unveils Ethereum, Solana, and Cardano ETPs with Staking

SOL Co-founder Provides Insight

Earlier, last week, the co-founder of Solana Labs adopted a friendly approach toward Ethereum volumes following SOL DEX’s achievement of reaching a $50 billion trading milestone. Data released on Saturday revealed that Solana DEX volumes rivaled those of Ethereum DEX. Moreover, it indicated a surge in trading activity driven by notable expansion of Solana’s market cap.

The volume of transactions on the Solana blockchain DEX reached an all-time high at the time. Furthermore, this uptick aligned with the recent trend of significant growth in the cryptocurrency market over a short period. In addition, the surge followed the previous week’s data, which indicated that Solana’s weekly DEX volume exceeded $13.3 billion.

At the time, the trading volume stood at $50 billion, according to DeFiLlama dara. This underscored the increasing importance of blockchain technology in the decentralized finance (DeFi) sector.

Also Read: 2 Top Reasons Why Ethereum Price Poised For $500 Dump To $3k This Week

TAGS
Celestia

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.