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RECAP: FACE OFF - HEDERA VS SOLANA
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RECAP: FACE OFF - HEDERA VS SOLANA

Crypto Clash: $HBAR vs $SOL

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InvestAnswers
Aug 18, 2023
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NUGGETS OF ALPHA

  • Hedera is working with central banks to explore the use of CBDCs

  • Hedera has a Nakamoto coefficient of 1, indicating its centralized

  • According to Messari, Hedera has ~6K daily active users

  • The weekly combined developers are ~400 for SOL versus 66 for HBAR

  • The annual inflation of SOL is 5.13% and 30.19% for HBAR

  • SOL's TVL is currently 9x that of HBAR and is growing rapidly

  • In terms of ecosystem, nothing comes close regarding the breadth of SOL dApps

  • The crypto compendium score for SOL is 7.40 versus 3.20 for HBAR (less than Ape Coin)

  • Hedera is a "closed box" and heavily centralized with insider holders

  • The General Council makes up all of the Hedera daily transaction volumes


Face Off Series Playlist

The Face Offs series are live on Wednesdays are heavily focused on data and removing any bias. We take votes from the IA Patreon community to decide who will compete. Over 80% voted for this Face Off from a long list of pairs for many projects and stocks.

The latest increase in Hedera's (HBAR) price coincides with the exciting news that the United States Federal Reserve's FedNow has added Dropp, a Hedera-based micropayments platform, as a service provider. Is it time to swap from SOL to HBAR? Let's dig in and find out.

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