Diverging price action fuels SOL/ETH breakout
Solana’s surge and Ethereum’s decline over the past week have pushed the SOL/ETH ratio to its highest level ever, closing at 0.081 on Binance. This marks a 40% increase from the beginning of 2025 when the ratio hovered around 0.058.
Solana’s 10% weekly gain, combined with a similar-sized drop in Ethereum, triggered the record ratio, underlining a shift in investor preference among Layer 1 blockchains. The trend reflects growing confidence in Solana’s technical roadmap and ecosystem, while Ethereum faces ongoing headwinds despite its upcoming Pectra upgrade.
Ethereum’s relative weakness extends to BTC
The ETH/BTC ratio has also been in decline, dropping to 0.019 — its lowest since January 2020. That ratio has fallen by 47% in just six months, further highlighting Ethereum’s relative underperformance compared to major crypto assets.
Market analysts point to rollup costs, L2 fragmentation, and developer migration to faster chains as contributing factors. Solana, by contrast, continues to benefit from its perceived efficiency and a more cohesive app layer.
Vitalik hints at faster upgrade cadence post-Pectra
Amid criticism over Ethereum’s slow iteration cycle, co-founder Vitalik Buterin responded to a post on X hinting that more frequent hard forks may follow after Pectra. “I’m seeing a lot of willingness to do faster hard forks post-Pectra with near-zero pushback,” he wrote.
Pectra, Ethereum’s next major upgrade set for May 7, includes enhancements to account abstraction, validator staking limits, and rollup scalability. Buterin also teased follow-up upgrades dubbed "Fusaka" and "Glamsterdam," the latter expected to prioritize gas limit improvements and potentially accelerate Ethereum’s scaling roadmap.
