jakiro
Author: Haotian; Source: X, @tmel0211
I found an interesting phenomenon when I visited the English blogger circle: ETH Maxi and SOL Maxi are always tit-for-tat. ETH side mocked SOL for the low adoption rate of stablecoins, while SOL side mocked Tom Lee for being a low cognition and only Shill.So interesting.
But I actually have a point of view:The competitive and confrontational relationship between ETH VS SOL has long ended with the collapse of the “Ethereum Killer” narrative.Why?
1) Ethereum can firmly sit in the position of the big brother in stablecoin market share, which is the result of the combined effect of its comprehensive DeFi ecosystem and decentralized security technology base.It is also the leading advantage that mainstream stablecoins such as USDC and USDT have been deposited in market expansion for many years. This path is difficult to change in the short term depending on it.
But this does not mean that Solan will completely lose opportunities in the stablecoin track. With the arrival of the stablecoin Summer, the issuance of stablecoins will tend toward a multi-chain environment, and a large number of new stablecoins such as USDe, USD1, PYUDS, USDG, etc. will establish their own main camp in the process of expanding DeFi economic activities.
With the first-mover advantage accumulated in new narrative scenarios such as PayFi, AI Agent, and HFT high-frequency trading, Solana is not weak in subsequent stablecoin incremental breakthroughs.Therefore, it is not Solid to decide which one is stronger and which one is weak based on the market share of stablecoins alone.;
2) Previously, a new layer1 such as Solana, Avalanche, BNBChain, all focused on the narrative of Ethereum Killer, and used high performance to compete with Ethereum with TPS arms competition. But now everyone knows that the TPS Show without effective ecological support is not tenable at all, so the narrative framework of high TPS has been desensitized.
The new narrative logic is who can drive the massive adoption of Wall Street structure.Ethereum will be the first choice for institutions to allocate assets with its advantages such as decentralization and security architecture, but Solana is taking another path. First, attract incremental users of the Z era through the MEME cultural circle, and then rely on performance improvement and optimization such as Alpenglow consensus upgrade and Firedancer client upgrade, the transaction rate can be increased to less than 150ms.
In this way, new innovative species of financial services similar to Hyperliquid may appear in the Solana ecosystem to make up for the gap between DeFi ecosystem and Ethereum.This targeted service demand for Wall Street financial products will obviously become the advantage of Solana’s overtaking on the curve, much faster than Ethereum implementing its L1 performance improvement strategy.
3) It is enough to show that the competitive dimensions between Ethereum and Solana have long been completely misaligned. Ethereum will lock in its own advantages in the global financial settlement layer and continuously consolidate its position, while Solana will anchor the vision of Nasdaq on the chain, and rely on its performance advantages and blue blood genes to continuously expand the fusion scenario of TradFi..
To a certain extent, ETH Maxi will still see the geeky of decentralization and security shine, while SOL Maxi will become a new leader in breaking the deadlock in the ICM of the Internet capital market.
therefore,ETH Maxi and SOL Maxi do not need to be tit-for-tat at all, but rather a complementary relationship., just like Android and IOS, the former is open and inclusive but has a deep foundation, while the latter is closed and efficient but has a refined experience.
The market will finally prove that the coexistence and progress of SOL and ETH are just to expand the boundaries of Crypto.No matter how you take the team, the result will not be bad.So I’m Crypto Maxi!
