Ethereum vs. Solana Which Blockchain Has The Best DAOs

Hello Everyone,

With Solana becoming a more attractive option for DAOs, due to Solana’s low transaction fees and lightning-fast transaction speed. I’ve been wondering has Solana’s DAO ecosystem, surpassed Ethereum’s DAO ecosystem? I wrote a review of the DAO ecosystems for both Solana and Ethereum to answer that question.

Solana DAO Ecosystem:

• Users: There are most likely 650,000 people using Solana. The DAOs on this blockchain tend to have a small community. This is great if you are looking for a DAO to build close friendships in, but it's not great for expanding your network.
• Diversity Of DAOs: Solana is overflowing with DAOs for trading (Mango Markets), NFTs (Solana Monkey Business), and Defi 2.0 protocols (Invictus DAO). With these DAOs' super low transaction fees, the Solana DAO ecosystem is a great place to profit off of early projects. The only bummer is there are not many mission-driven DAOs on Solana. An example of a mission-driven DAO is Klima DAO, they’re using defi protocols to reduce the amount of carbon in the atmosphere. I had a hard time finding DAOs on Solana that are looking to transform the world using crypto protocols and incentives.
• Growth: Several companies are springing up to make building DAOs on Solana easier. These companies will enable more people to build mission-driven DAOs on Solana.

Ethereum DAO Ecosystem:

• Users: Ethereum is estimated to have 1.5 million active users. The DAO ecosystem for Ethereum is exploding with users. There are easily several DAOs on the Ethereum blockchain where thousands of people own some token or NFT for those DAOs.
• Diversity Of DAOs: With Ethereum being the birthplace of DAOs, the Ethereum DAO ecosystem is brimming with so many communities. There are DAOs for newsletters (Bankless DAO), buying cities (City DAO), NFTs (Boring Stone), crypto products (Compound), Investment firms (Seed Club), DEFI 2.0 protocols (Olympus DAO), DEFI products (Uniswap), etc.
• Growth: With Ethereum being one of the most prominent blockchains, thousands of people are joining every day and creating new DAOs. My only concern here is that the high gas fees associated with the Ethereum blockchain will lead to many people building DAOs on Layer 2 solutions or Solana.

Which Ecosystem Is Better?:

Mission-driven DAOs rule!!! I adore Ethereum's mission-driven DAOs like Krause House and CityDAO. These DAOs prove that crypto is doing more than just producing money; it is remaking the world. Soon, everyone can buy a piece of a basketball team or a city through DAOs. Which DAOs do you like?

Please visit my website at https://daoreviewer.webflow.io/ to learn more about DAOs. It's like Yelp for DAOs.