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Solana’s Scorching Rally Shows Ethereum Has a Serious Competitor

Ethereum leftovers the leader among layer-1 blockchains that can run smart contracts, aka the bedrock of DeFi. Ethereum has $29 billion of mount up to value locked, a measure of money stashed in a particular blockchain’s ecosystem, far exceeding Solana’s $1.5 billion, according to DefiLlama figures.

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