ETH vs SOL Salaries
📊 Ethereum vs. Solana - Salary Comparison
Why are Ethereum developers getting paid +7% more compared to Solana developers?
Ethereum and Solana are two prominent blockchain ecosystem attracting developers globally. The compensation disparity, with Ethereum developers earning an average of 7% more than their Solana counterparts, can be attributed to various factors.
Ecosystem Popularity
Ethereum, established in 2015, is the pioneering platform for decentralized applications (DAPPs) using Solidity. Its popularity and widespread adoption contribute to the high demand for Ethereum developers, driving up salaries.
On the other hand, Solana, founded in 2017, is gaining traction for its speed and scalability. While popular, its ecosystem is still growing compared to Ethereum, influencing salary discrepancies.
Skill Specialization
The skill set demanded by each ecosystem can impact salary differentials. Ethereum developers often specialize in Solidity, whereas Solana developers may focus on languages like Rust. Specialized skills in high demand, such as Solidity proficiency, can command higher salaries.
Company Size and Reputation
The size and reputation of the employing companies also play a role. Ethereum developers working for well-established, high-profile projects or companies may receive higher compensation compared to Solana developers in smaller firms.
Location and Experience
Geographical location and developer experience are additional factors. Developers working in regions with a higher cost of living may receive increased salaries. Similarly, experienced developers often command higher pay, contributing to the overall salary variance.
Crypto Industry Growth
The booming blockchain industry's rapid expansion increases demand for skilled blockchain developers. As both Ethereum and Solana are integral to this industry, the general trend of rising blockchain developer salaries influences the specific earnings on these platforms. In summary, the salary difference reflects the unique attributes of each ecosystem, the demand for specific skills, company dynamics, geographical considerations, and the overall growth of the crypto industry.
Ethereum vs Solana Salary
| Position | ETH | SOL | Difference |
|---|---|---|---|
| Mobile | $127k | $220k | 73.2% |
| React | $142k | $148k | 4.2% |
| Sales | $116k | $138k | 19.0% |
| Javascript | $132k | $140k | 6.1% |
| Blockchain | $150k | $140k | -6.7% |
| Full-stack | $145k | $145k | 0.0% |
| Design | $115k | $105k | -8.7% |
| Front-end | $142k | $138k | -2.8% |
| Marketing | $122k | $120k | -1.6% |
| Rust | $140k | $128k | -8.6% |
| Smart-contract | $127k | $120k | -5.5% |
| Devops | $120k | $110k | -8.3% |
Choosing Between Ethereum and Solana Development
Job Opportunities
The salaries can vary depending on a number of factors such as experience, location, and specific job role, so let's look closely at each of these cohorts.
Ethereum vs Solana Job Opportunities
Ethereum has 6 times more jobs compared to Solana. Ethereum and EVM are more established and widely-used ecosystem, which means that there may be more opportunities for developers who are skilled in building on this platform. Additionally, the development of Ethereum 2.0 and the growth of DeFi and NFTs have likely increased the demand for Ethereum developers. There are almost 6 times more Ethereum jobs available on the market compared to Solana jobs in 2023.
Considerations for Solana Development
In contrast, Solana is a relatively new crypto ecosystem, so there are fewer job opportunities available for developers who are skilled in building on this platform.