Why is Solana preferred by institutions?

Investors have lately preferred Solana over Ethereum.

The choice lies in its high performance metrics.

Solana has a very high actual TPS of about 3000 and is able to scale to 710k transactions.

Also, a high growth in Solana’s memecoins and TVL has attracted institutional interest.

In the last 180 days, Solana’s price alone has grown 10x from $20 to $200.