Multicoin Capital co-founder Kyle Samani’s latest judgment is very aggressive: in this cycle, the market cap of $SOL is expected to turn bullish $ETH . The core logic is that Solana is easier to use and has more powerful features, so crypto businesses will choose it first. In his view, nowadays “almost nobody actually uses Ethereum.” ETH mainly relies on stablecoin settlement and collateralized lending and borrowing for support, leaving questions around value capture and growth.
The data really gives him confidence: DefiLlama shows that over the past 30 days, Solana’s fee revenue was about $23 million, exceeding Ethereum’s $12.6 million. However, fees are just one dimension—whether the ecosystem’s assets, security, and developer and institutional adoption can be considered separately still needs to be evaluated. Whether the narrative of a turnaround can be realized ultimately depends on sustained user experience and real applications, not just emotion. #Solana #Ethereum
The data really gives him confidence: DefiLlama shows that over the past 30 days, Solana’s fee revenue was about $23 million, exceeding Ethereum’s $12.6 million. However, fees are just one dimension—whether the ecosystem’s assets, security, and developer and institutional adoption can be considered separately still needs to be evaluated. Whether the narrative of a turnaround can be realized ultimately depends on sustained user experience and real applications, not just emotion. #Solana #Ethereum