Solana still has no funds exchanged by the exchange, but one of the biggest supporters of the property is that the vehicle’s friendly Wall Street can come to 2025-and believe that it has been properly positioned to troce various similar Ethereum products.
Kyle Samani of Multicoin Capital – a major SOL investor and countless subordinate protocols – forces the Securities and Exchange Commission (SEC) publicly to look good at a Sol ETF. His blind statements therefore could be a little surprise.
But onstage Tuesday at the Blockworks’ Digital Asset Summit in New York City, Samani explained his view of why Solana was better placed to appeal to traditional investors than Ethereum did. It’s all about money: the fees generated on-chain, compared to the value of the whole property.
“Many of the reasons ETH ETF do not have a strong acceptance that many investors look at ETH and say ‘Show me the fees,’ Samani said.
By saying, they did not see many proofs to justify investing in its high prices.
Stock entrepreneurs often look at the price of a company in the ratio of income to the decision -making when done or dissatisfied; In other words, when to invest. Crypto does not have such a clean metric, but blockchains still have income and tokens that can come together for a similar effect.
Samani believes that Solana’s theoretical p/e ratio is healthier from an investment perspective than Ethereum’s. His onstage mathematics placed Solana as a trade in 30 to 50 times in P/E while Ethereum traded closer to 1,000 times.
Solana’s P/E ratio is “more than the line with high-growth tech stocks,” Samani said.
If logic performs then traditional investors can expect to believe that Solana has more reversal than Ethereum, and invest accordingly.
