Layer 1s • April 13, 2025, 11:11AM EDT
Quick Take
- Solana’s price has grown by more than 10% over the past week while ether’s has fallen by a similar proportion, leading the SOL/ETH price ratio to a new all-time high at daily close.
- The ratio of ETH to BTC has also fallen to its lowest value since early 2020.
- Ethereum co-founder Vitalik Buterin hinted on X that future hard fork upgrades to the blockchain network could come faster following the upcoming Pectra upgrade set for early May.
The daily price ratio of SOL-to-ETH has hit an all time high after a bullish week for Solana and an equivalently bearish week for Ethereum, as Ethereum's major Pectra upgrade draws nearer. The SOL/ETH ratio on Binance has risen to .081, or around 8.1%, up from just 5.8% at the start of the year — a nearly 40% increase, according to TradingView data. TradingView chart showing the SOL/ETH ratio since the start of the year. The record high comes after a week in which ether's price fell around 10% and Solana's price gained around 10%, according to The Block's price data, a significant divergence for the two cryptocurrencies. Similarly, the ETH-to-BTC price ratio has fallen 47% over the past six months; its current value of .019, or 1.9%, is the lowest value for the price ratio since January, 2020, according to TradingView data. Ethereum co-founder Vitalik Buterin responded to a post critical of the network on X Saturday, hinting that future upgrades could come faster. "I'm seeing a lot of willingness to do faster hard forks post-pectra with near-zero pushback," Buterin wrote, referencing the upcoming Pectra upgrade for Ethereum, currently slated to deploy on mainnet May 7. The first major upgrade to the network since Dencun activated in March, 2024, Pectra is Ethereum's most significant software update yet, moving the network towards account abstraction, raising the staking limit, improving maximum blob counts to boost rollups, and more. Looking ahead, Buterin also teased details related to the network's planned "Glamsterdam" upgrade, which would follow both Pectra and "Fusaka," according to Ethereum's roadmap. "From where I'm standing, there's basically universal agreement among researchers that gas limit increase features are top priority for glamsterdam," Buterin wrote. "If the functionality is done sooner than glamsterdam, then glamsterdam itself can happen 'sooner than glamsterdam'." Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
"Faster hard forks post-Pectra"
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ETHEREUM SOLANA
AUTHOR
Zack Abrams
Zack Abrams is a writer and editor based in Brooklyn, New York. Before coming to The Block, he was the Head Writer at Coinage, a Web3 media outlet covering the biggest stories in Web3. The story he co-reported on Do Kwon won a 2022 Best in Business Journalism award from SABEW. Other projects included a deep dive into SBF's defense based on exclusive documents and unveiling the identity of the hacker behind one of 2023's biggest crypto hacks —so far. He can be reached via X @zackdabrams or email, [emailprotected].
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