SkyBridge founder Anthony Scaramucci has thrown fuel on a hot debate in crypto: could Solana overtake Ethereum? In a recent interview he argued it’s possible — not by destroying Ethereum, but by capturing enough market share to become the dominant smart-contract chain.
Scaramucci’s case is simple and sales-friendly: Solana is fast, cheap and seeing booming on-chain activity. “I think it will flip Ethereum,” he said, adding that both chains can still grow. He pointed to Solana’s high throughput, low fees, ease of development and staking incentives (he name-checked BSOL, a staking ETF) as reasons he’s bullish.
Concrete numbers are starting to back that narrative. Analytics account CryptoRUs highlighted that Solana pulled in roughly $1.5 billion in network revenue over the past year — the highest among the major chains it tracks — claiming that figure beat both $ETH and $HYPE combined. The takeaway: the “low fees + high throughput” model can generate serious top-line revenue when activity is sustained.
But is a flip realistic in 2026? Views diverge.
Arguments supporting a potential flip
- High throughput and low transaction costs let Solana host large volumes of activity and retail use cases that are expensive on layered or congested networks.
- Growing protocol and app activity can translate to steady network revenue, as the CryptoRUs snapshot suggests.
- Developer-friendly tooling and staking products (e.g., BSOL) can broaden participation and capital inflows.
Arguments against an imminent flip
- Ethereum retains enormous advantages: a massive developer ecosystem, deep DeFi liquidity, institutional integrations and the resilience of its security model.
- Layer-2s and other scaling solutions for Ethereum continue to evolve, narrowing the fee/throughput gap.
- Solana has faced credibility headwinds in the past around outages and centralization concerns, which can slow large-scale migrations of value and developers.
What to watch in 2026
- Network revenue and real, sustained user activity (not just token-driven spikes).
- Developer adoption metrics: new dApps, TVL in DeFi, NFT activity and tooling maturity.
- Reliability and decentralization improvements on Solana, and progress on Ethereum’s scaling roadmap and Layer-2 adoption.
- Market sentiment, macro liquidity and regulatory developments that affect capital allocation between chains.
Bottom line: Scaramucci’s claim isn’t fringe — Solana’s recent revenue and throughput stats make a compelling case that it can take meaningful market share. Whether it will “flip” Ethereum in 2026 depends on multiple technical, economic and sentiment-driven factors. Traders and developers should watch on-chain fundamentals and infrastructure resilience closely as the debate unfolds.
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