Multicoin Capital co-founder Kyle Samani drops another bold remark: within this cycle, the market cap of $SOL will surpass $ETH . His reasoning is that Solana is easier to use and offers stronger functionality, so more and more enterprises will prioritize it; whereas Ethereum—“now almost nobody truly uses it”—maintains its top position mainly through stablecoins and stablecoins issued by borrowing against ETH. He also doubts ETH’s value capture, saying its size reaches the hundreds of billions (USD) but its growth has been lackluster.
On-chain data seems to give him some confidence: according to DefiLlama, over the past 30 days Solana’s fee revenue was about $23 million, ranking fourth; Ethereum’s was about $12.6 million, ranking sixth.
However, outgrowing fee revenue doesn’t automatically mean a natural outperformance in market cap. Ecosystem inertia, institutional allocations, staking rewards, security models, and market narratives will all influence whether a “flippening” can truly happen. This sounds more like a strong bullish opinion than a conclusion that has been validated.
#Solana #以太坊 #Crypto Market
On-chain data seems to give him some confidence: according to DefiLlama, over the past 30 days Solana’s fee revenue was about $23 million, ranking fourth; Ethereum’s was about $12.6 million, ranking sixth.
However, outgrowing fee revenue doesn’t automatically mean a natural outperformance in market cap. Ecosystem inertia, institutional allocations, staking rewards, security models, and market narratives will all influence whether a “flippening” can truly happen. This sounds more like a strong bullish opinion than a conclusion that has been validated.
#Solana #以太坊 #Crypto Market