Darlings, you simply won’t believe the latest bit of crypto tittle-tattle dropped by Qiao Wang of Alliance DAO—yes, the chap who somehow manages to make venture capital seem both fashionable and utterly exhausting. He’s been peeking at the delectable applications fluttering in for funding from 2022 through the sparkling vistas of 2025, and the results are enough to make Vitalik spill his morning kombucha.
“Momentum Favors Solana”: Darling, Read the Room
If you thought Ethereum was destined to remain the undisputed hostess of the Blockchain Ball, I’m afraid the times are changing—one blockchain at a time. Solana and Ethereum are now toe-to-toe in applications for funding, pirouetting through 2025 like rival divas at a charity gala. The best bit? All signs and slapdash charts suggest that Solana’s about to waltz away with the lead—and Ethereum may have to make do with the petit fours. 🍸
latest data of startups applying to alliance
solana and ethereum r now neck n neck. but momentum favors solana and it looks like soon solana will become the largest ecosystem of founders for the first time
— qw (@QwQiao) May 1, 2025
Apparently, momentum (and perhaps a dash of blind optimism) are siding with Solana. In the first half of 2025, Ethereum’s share of would-be world dominators fell below 50% for the first time. Shocking, isn’t it? I haven’t seen such intrigue since the last time someone brought a Labrador to a SoHo wine bar.
Solana, for its part, has been on the rebound ever since that whole FTX affair—no more embarrassing party guests lurking in its hallways. And who would’ve guessed that Polkadot, despite being the crypto version of corduroy trousers—much mocked, seldom admired—still clings to the top ten? One must admire persistence, if not taste.
There’s also Filecoin, Cosmos, Binance Smart Chain, Bitcoin (doing its best impression of an aging rockstar), Avalanche, Sui, and Aptos—all vying for the velvet rope. If only someone could keep track without needing a spreadsheet and three espressos.
Ethereum (ETH): Clinging to DeFi Glory Like Last Season’s Hat
Strictly speaking, Ethereum does still have its well-manicured hands on the majority of DeFi assets—over 51% of TVL, out of a positively indecent $102 billion. So, if you like your protocols old, trusted, and just a smidge overexposed, it’s still the place to be.
Solana’s sitting at a rather humdrum 7.77%, which is either lucky or somewhat tragic, depending on your sense of irony. Yet by sheer numbers of active addresses, Ethereum is now being overtaken by Solana, Tron—and limbering up to slip behind Binance Smart Chain. Someone fetch the smelling salts for the Ethereum crowd, would you? 🥂
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2025-05-03 16:09