SOL is overtaking ETH in every metrics.
SOL DeFi is likely to surpass ETH in the near future in my opinion.
Memecoins ecosystem is just way greater than ETH.
How ETH going to solve this issue and maintain the king spot?
ETH is already in a big position in the crypto world and in terms of market cap and ecosystem, ETH is in a very good position and a large number of Eth and ETH chains are still in use. Many new chains have come into the market using EVM or Ethereum Virtual Machine technology. So even though the price of ETH is gradually decreasing, the popularity for it has not decreased yet. SOL certainly has a good market share at the moment. And it is getting a lot of traction. But it will take a lot more time to surpass ETH. It may never do so again.