Fidelity Report: Ethereum leads with strong fundamentals, Solana's short-term performance is impressive

According to The Block, Fidelity Digital Assets stated in its 2025 outlook report that Ethereum is superior to Solana in the long term due to fundamental factors such as developer activity, total value locked (TVL), and stablecoin supply. However, Solana has a short-term advantage with its rapidly increasing transaction speed and low cost.

The report pointed out that Solana's revenue and TVL are growing faster, but its reliance on memecoin transactions shows strong performance in bull markets and may weaken in bear markets. In contrast, Ethereum's fundamentals rely less on speculation and have stronger long-term stability. Solana plans to significantly increase transaction speed through the Firedancer upgrade, while Ethereum's Pectra upgrade focuses on functionality, scalability, and user security but has less direct impact on ETH investment value.

Fidelity also favors Bitcoin, believing more countries and institutions may include Bitcoin in their asset allocation by 2025. It predicts continued growth for stablecoins and tokenized assets with new innovations coming into the DeFi sector. Fidelity emphasizes that it is "still not too late" to enter the crypto market.