The Ethereum vs Solana debate took a renewed twist within the third week of March after Solana hit essential milestones.
For starters, Solana’s [SOL] search curiosity on Google Tendencies surpassed Ethereum [ETH]. This means a spike in retail consideration to SOL in comparison with ETH.
Moreover, SOL flipped BNB primarily based on market cap and climbed into the highest 3 within the DeFi ranking.
Crypto influencer Anthony Pompliano not too long ago interviewed Arthur Hayes, a serial investor, co-founder, and former CEO of BitMEX.
He requested for his ideas on the ETH vs. SOL debate, and Hayes provided his candid opinion.
“I don’t assume something goes to be ETH.”
Nevertheless, he added that Ethereum is the house of DeFi and hosts many of the first variations of dApps (decentralized purposes) earlier than they launch on different networks.
“In case you consider primitives of DeFi and dApps, the primary model is all the time on Ethereum. It’s not on Solana, AVAX, Cardano, or every other blockchains.”
Nevertheless, Hayes highlighted why DeFi purposes may migrate to different networks like Solana.
“Possibly there are causes like community bloat, fuel charges; then they transfer over to Solana or different chains.”
He added,
“However you’re not seeing a brand new primitive emerge on a non-ETH chain first. If I begin seeing that occur, I could have to alter my thoughts on my maximalist place on ETH.”
Solana is nice should you “missed” discounted ETH
Apparently, Hayes confirmed that he trades most L1s however categorically highlighted Solana as an ideal alternative for anybody who missed low-cost ETH.
“Solana is a greater model of ETH; I disagree, however that’s what they consider. It might commerce to $5K-$10K on this cycle. So shopping for it at $140 is a superb uneven danger profile.
Moreover, he highlighted Solana’s UX/UI as the perfect within the ecosystem and simple to make use of. Hayes believes these circumstances might make Solana the perfect performer on this cycle.
