Golden Finance reported that Fidelity Digital Assets stated in its 2025 Outlook report that Ethereum will outperform Solana in the long term due to fundamental factors such as developer activity, total locked value (TVL), and stablecoin supply, but Solana will benefit from rapid growth. The transaction speed and low cost have advantages in the short term. The report points out that Solana’s revenue and TVL are growing faster, but its reliance on memecoin transactions is strong 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 will have less direct impact on the investment value of ETH.