Solana a better version of Ethereum? Arthur Hayes has this to say…
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 Traits 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 rating.
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 supplied his candid opinion.
“I don’t suppose 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 the event 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 would possibly migrate to different networks like Solana.
“Perhaps 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’ll have to alter my thoughts on my maximalist place on ETH.”
Solana is nice if you happen to “missed” discounted ETH
Apparently, Hayes confirmed that he trades most L1s however categorically highlighted Solana as a terrific alternative for anybody who missed low cost ETH.
“Solana is a greater model of ETH; I disagree, however that’s what they imagine. 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 one of the best within the ecosystem and straightforward to make use of. Hayes believes these situations might make Solana one of the best performer on this cycle.
