According to live reports, at the Token2049 conference held on September 19, Kyle Samani, co-founder of Multicoin Capital, gave a keynote speech "Why SOL Will Flip ETH", saying that the market value of SOL will exceed that of ETH in the future. The reason he gave is that,
Ethereum's Rollup-centric expansion route makes ETH unable to capture value. For example, nearly 80% of transactions have been transferred to L2, which is constantly issuing tokens and cannot be aligned with the Ethereum L1 mainnet.
2. Ethereum is facing an identity crisis and dilemma; while Solana's vision is to decentralize Nasdaq, it also has some structural advantages (such as token expansion, Firedancer client side, hardware expansion) compared to Ethereum. Solana has begun to compete with Ethereum in major on-chain metrics (DEX transaction volume, MEV, stablecoin), and SOL/ETH has been on the rise.
Multicoin co-creator Kyle Samani: SOL market cap will exceed ETH in the future
2024-09-19 05:48:18
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