Solana 兑 ETH 创下历史新高，从 SOL 价格预计这一点

Solana 在 11 月 18 日星期一兑以太坊交易时创下历史新高，达到 0.079770。这一里程碑对于 Solana 来说至关重要，SOL/USDT 货币对低于

Solana (SOL) has rallied nearly 70% against Ethereum (ETH) in 2024. The native token of the smart contract blockchain has emerged as a strong contender against Ether, even as its market capitalization is nearly a third of Ethereum.

2024 年，Solana (SOL) 相对于以太坊 (ETH) 上涨了近 70%。智能合约区块链的原生代币已成为以太坊的有力竞争者，尽管其市值接近以太坊的三分之一。

The ongoing debate in terms of Solana (SOL) overtaking Ethereum (ETH) is backed by bullish on-chain metrics, SOL’s dominance in decentralized exchange metrics, volume and protocol revenue.

关于 Solana (SOL) 超越以太坊 (ETH) 的持续争论得到了看涨的链上指标的支持，SOL 在去中心化交易所指标、交易量和协议收入方面占据主导地位。

Solana hit an all-time high against Ethereum on Monday, November 18, when SOL/ETH climbed to 0.07977.

Solana 兑以太坊于 11 月 18 日星期一创下历史新高，当时 SOL/ETH 攀升至 0.07977。

Solana’s protocol fees, a small percentage of the transaction value that is collected to maintain and facilitate trade on the blockchain, is nearly two times that of Ethereum, in November 2024.

2024 年 11 月，Solana 的协议费用（为维护和促进区块链交易而收取的交易价值的一小部分）几乎是以太坊的两倍。

While the monthly data is incomplete, available figures suggest Solana has collected $343.96 million in protocol fees, against Ethereum’s $178.65, as of Tuesday, November 19. For a blockchain, once liquidity providers are paid, protocol fees adds to the project’s revenue.

虽然月度数据不完整，但现有数据显示，截至 11 月 19 日星期二，Solana 已收取 3.4396 亿美元的协议费用，而以太坊为 178.65 美元。对于区块链来说，一旦向流动性提供者支付费用，协议费用就会增加项目的收入。

The metric therefore suggests higher revenue for Solana, compared to Ethereum, in October and November 2024.

因此，该指标表明，与以太坊相比，Solana 在 2024 年 10 月和 11 月的收入更高。

Another key metric is the transaction volume on decentralized exchange platforms, or DEXes. In case of Solana, DEX volume is nearly two times that of Ethereum in November. In October, SOL ranked higher in DEX volume, however by a relatively smaller margin.

另一个关键指标是去中心化交易平台（DEX）上的交易量。以 Solana 为例，11 月份 DEX 交易量几乎是以太坊的两倍。 10 月份，SOL 在 DEX 交易量中排名较高，但幅度相对较小。

Solana DEX volume is $77.51 billion against Ethereum’s $38.81 billion. For the month of October, Solana stood at $52.5 billion against Ethereum’s $41.4 billion.

Solana DEX 交易量为 775.1 亿美元，而以太坊为 388.1 亿美元。 10 月份，Solana 的价值为 525 亿美元，而以太坊为 414 亿美元。

Higher DEX volume translates to higher utility and adoption of one chain compared to the other. Solana has been preferred by traders on decentralized exchanges, likely due to the large volume of new projects on the launchpad Pump.fun, that are listed on DEXes like Raydium, post hitting a key threshold.

与另一条链相比，更高的 DEX 交易量意味着一条链的效用和采用率更高。 Solana 一直受到去中心化交易所交易者的青睐，这可能是因为在启动平台 Pump.fun 上有大量新项目在达到关键门槛后在 Raydium 等 DEX 上上市。

Solana therefore emerges as a clear favorite among decentralized traders and platforms, per data from TheBlock.

因此，根据 TheBlock 的数据，Solana 明显成为去中心化交易者和平台的最爱。

Ethereum dominates in circulating stablecoin supply and total value of cryptocurrencies (TVL) locked on the chain.

以太坊在流通稳定币供应量和链上锁定的加密货币（TVL）总价值方面占据主导地位。

Solana struggles to compete with Ethereum in these metrics with a large difference, lagging behind as ETH benefits from its first-mover advantage. It is likely that with continued adoption and demand, Solana could overtake Ethereum in these metrics in the long-term.

Solana 在这些指标上难以与以太坊竞争，差异很大，由于 ETH 受益于其先发优势，所以 Solana 落后了。随着持续的采用和需求，从长远来看，Solana 在这些指标上可能会超越以太坊。

Solana’s ecosystem is observing the addition of new stablecoins, likely to push the circulating stablecoin supply and TVL metric higher. Sky, a decentralized finance lending and borrowing protocol, formerly known as Maker has deployed its USDS stablecoin on Solana.

Solana 的生态系统正在观察新稳定币的添加，这可能会推高流通稳定币供应量和 TVL 指标。 Sky 是一种去中心化金融借贷协议，以前称为 Maker，已在 Solana 上部署了 USDS 稳定币。

This marks the first DeFi-native stablecoin launch on Solana and this could increase the Ethereum competitor’s DeFi liquidity.

这标志着 Solana 上首次推出 DeFi 原生稳定币，这可能会增加以太坊竞争对手的 DeFi 流动性。

Solayer launched sUSD, a real-world asset-backed stablecoin on the Solana blockchain last week. The token derives its value from a diversified basket of low-risk assets, starting with U.S. Treasury bills, making it different from all other stablecoins.

Solayer 上周在 Solana 区块链上推出了 sUSD，这是一种现实世界的资产支持稳定币。该代币的价值源自多元化的低风险资产篮子，首先是美国国库券，这使其与所有其他稳定币不同。

Similar developments in the Solana network could help SOL overcome the network effect and the first mover advantage of Vitalik Buterin’s Ethereum blockchain, paving the way for a “flippening” in the future.

Solana 网络中的类似发展可以帮助 SOL 克服 Vitalik Buterin 的以太坊区块链的网络效应和先发优势，为未来的“翻转”铺平道路。

Solana-based meme coins crossed $22 billion in market capitalization, and 70% of the top 10 meme tokens have posted double-digit gains in the past seven days, CoinGecko data shows.

CoinGecko 数据显示，基于 Solana 的 Meme 代币市值突破 220 亿美元，前 10 位 Meme 代币中有 70% 在过去 7 天内实现了两位数涨幅。

Solana’s rise against Ethereum has likely catalyzed gains in its ecosystem tokens, fueling meme coin rallies and pushing the overall market capitalization of the sector higher. This positively impacts crypto portfolios holding dog and cat-themed and politi-fi meme tokens, alongside Solana.

Solana 相对于以太坊的上涨可能促进了其生态系统代币的上涨，推动了 meme 币的反弹并推高了该行业的整体市值。这对持有狗和猫主题代币、政治金融迷因代币以及 Solana 的加密货币投资组合产生了积极影响。

Ethereum’s beta plays are the Layer 2 token ecosystem and Layer 3 projects, both the categories are struggling to gain traction in the ongoing cycle.

以太坊的测试版是第 2 层代币生态系统和第 3 层项目，这两个类别都在持续的周期中努力获得吸引力。

Crypto traders holding staking, re-staking, Layer 2 and 3 tokens are likely to observe unrealized losses on their portfolio, as Ethereum struggles in the face of competition from alternatives like Solana.

持有质押、重新质押、第 2 层和第 3 层代币的加密货币交易者可能会在其投资组合中观察到未实现的损失，因为以太坊在面临来自 Solana 等替代品的竞争时陷入困境。

Solana hit a record-high when traded against Ethereum, at 0.079770 on Monday, November 18. The milestone is key for Solana, the SOL/USDT pair is less than 10% away from its previous all-time high at $259.90 from November 2021.

Solana 在 11 月 18 日星期一兑以太坊交易时创下历史新高，达到 0.079770。这一里程碑对于 Solana 来说至关重要，SOL/USDT 货币对距离 2021 年 11 月创下的历史高点 259.90 美元不到 10%。

The SOL/ETH pair shows scope for further gains and a re-test of the all-time high at 0.079770, a 5% rally from the current level. SOL is currently trading above the three exponential moving averages at the 10, 50 and 200-day, and has been in an upward trend for nearly five months now

SOL/ETH 货币对显示出进一步上涨的空间，并重新测试历史高点 0.079770，较当前水平上涨 5%。 SOL目前交投于10日、50日和200日三个指数移动平均线上方，并且已连续近五个月处于上升趋势