After Solana reached important milestones in the third of March, the debate between Ethereum and Solana took on a fresh twist.
For starters, Solana’s [SOL] Google Trends searches have surpassed previous records Ethereum [ETH]. SOL has received more attention from retailers than ETH.
SOL also flipped BNB on the basis of market capital and moved into the top 3. DeFi ranking.
Crypto influencer Anthony Pompliano recently interviewed Arthur Hayes is a serial investor and co-founder of BitMEX.
Hayes gave his honest opinion when asked about his views on the ETH vs. SOL argument.
“I don’t think anything is going to be ETH.”
Nevertheless, he said that Ethereum is home to DeFi (decentralized apps) and hosts many of the first versions before they launch other networks.
“If you think of primitives of DeFi and dApps, the first version is always on Ethereum. It’s not on Solana, AVAX, Cardano, or any other blockchains.”
Hayes highlights the reasons why DeFi may migrate to another network like Solana.
“Maybe there are reasons like network bloat, gas fees; then they move over to Solana or other chains.”
Then, he added:
“But you’re not seeing a new primitive emerge on a non-ETH chain first. If I start seeing that happen, I may have to change my mind on my maximalist position on ETH.”
Solana can be a great choice if you want to “missed” Discounted ETH
Hayes has confirmed that he is a trader of most L1s, but categorically emphasized Solana for those who have missed out on cheap ETH.
It is believed that Solana will be a more advanced version of ETH. This cycle could see it trade up to $5,000-$10,000. It is an excellent asymmetrical risk profile to buy it for $140.
He also praised Solana for its UX/UI, describing it as one of the easiest to use and best UX/UI in the ecosystem. Hayes is convinced that Solana could be the most successful in this current cycle if these conditions are met.
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Source: ambcrypto.com
