Multicoin co-founder Kyle Samani once again delivers sharp views: in this market cycle, the market cap of <$SOL > will surpass $ETH . The reason is that Solana is easier to use and offers stronger functionality, and more and more crypto enterprises will prioritize it. He even said, “Nowadays, almost nobody truly uses Ethereum,” arguing that ETH’s leading position mainly relies on stablecoins—specifically, the stablecoins borrowed using ETH as collateral.
The data also brings more to discuss: DefiLlama shows that over the past 30 days, Solana’s on-chain fee revenue was about $23 million, ranking fourth; Ethereum’s was about $12.6 million, ranking sixth. Changes in the fee market do reflect that on-chain activity is indeed being redirected.
However, having a temporary lead in fees doesn’t necessarily mean the market caps will inevitably flip. There are still clear differences between the two in terms of ecosystem scale, security, settlement positioning, and asset narratives. Samani has always been outspoken—his views can be referenced, but there’s no need to accept them wholesale.
Do you think this cycle will see a “flip” from SOL to ETH?
#Solana #Ethereum
The data also brings more to discuss: DefiLlama shows that over the past 30 days, Solana’s on-chain fee revenue was about $23 million, ranking fourth; Ethereum’s was about $12.6 million, ranking sixth. Changes in the fee market do reflect that on-chain activity is indeed being redirected.
However, having a temporary lead in fees doesn’t necessarily mean the market caps will inevitably flip. There are still clear differences between the two in terms of ecosystem scale, security, settlement positioning, and asset narratives. Samani has always been outspoken—his views can be referenced, but there’s no need to accept them wholesale.
Do you think this cycle will see a “flip” from SOL to ETH?
#Solana #Ethereum