That's certainly true, mate. Solana is quickly rising in market dominance, while ETH is being left behind in the dust. Part of this has to do with ETH's exhorbitant gas fees, compared to Solana. Ultra-low fees and blazing-fast speeds, makes Solana the perfect platform for "meme" coins. The only downside is that this opens the door for scams.

Launching new "shitcoins" on Solana becomes an easy task these days. It's why many people have fallen for rugpulls on Solana's popular Pump.fun "meme" coin trading platform. Ethereum developers better rollout network upgrades focused on decreasing gas fees, or it will be the end of ETH for good. You can see ETH's popularity/demand is declining, because it's still far behind its last-recorded ATH of $4,890 per coin. If you held ETH since 2021's ATH until now, you'd be in a huge loss. Not even spot ETFs have saved it. I wouldn't say that ETH's "dead" but rather "dormant" as trading activity is still on-going (not to mention TVL is still at its highest). Only time will tell us if ETH will be able to survive the pressure from its competitors. Here's hoping for the best.