Prediction evidence

De

Ignas

@DefiIgnas

$ETH gets hate, but $SOL isn’t in a much better spot: Sure, Solana generates similar fees, and it’s cheaper and faster. Its monolithic design also doesn’t suffer from L2 leakage like Ethereum. But Solana doesn’t have the same neutrality, decentralization, or censorship-resistant premium that Ethereum has. Worse, we make fun of the EF for dumping $ETH, but we don’t even really know how much the Solana Foundation holds (and sells) in $SOL. Their last 'Transparency Report' was published in Aug 2020 Whales also seem to prefer Ethereum for high-value DeFi: Solana has ~$5.2B in TVL vs ~$42B on Ethereum. Even BNB Chain has more. Solana benefited from memecoins, but it hurt its reputation. And the pivot to perps is a crowded arena, with HL and all major CEXs competing for it. Tokenization of stocks is amazing, but Ethereum leads in RWAs too. I still hold some $SOL and want it to do well, but it’s possible $SOL is the new $ETH, and it may take Solana years to find its next engine for growth.