BlockBeats News, on October 31st, Mindao, the founder of the decentralized finance protocol dForce, discussed on his social media platform whether Solana would disrupt Ethereum. Mindao stated that SOL now resembles the peak of the Ethereum ICO era in 2017. SOL has also experienced a huge turnaround like Ethereum did (the collapse of FTX was the DAO event of SOL), and it has truly established a self-circulating self-investment system. It is the third cryptocurrency after BTC and Ethereum to establish a strong OG self-investment ecosystem. The difference is that the ICO of Ethereum was a large-scale infrastructure movement for Ethereum, and the core decentralized finance infrastructure we are using now basically came out during the ICO era. On the other hand, SOL’s meme trading is a highly commoditized track that lacks a moat and will quickly spill over to other chains. It cannot provide financing for SOL’s infrastructure (not even the fees from pumping flow back to SOL). Finally, Mindao stated, ‘I have never been worried that Ethereum’s performance would be worse than other newcomers, but if one day it becomes uncool, not geeky, and not transcendent, that’s when we should truly be worried. Therefore, I don’t think SOL will flip ETH, after all, Ethereum is still pretty cool.’
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Mindao:Le meme très commercialisé de Solana manque d'un émission de type éther, je ne pense pas qu'il puisse renverser Ethereum
BlockBeats News, on October 31st, Mindao, the founder of the decentralized finance protocol dForce, discussed on his social media platform whether Solana would disrupt Ethereum. Mindao stated that SOL now resembles the peak of the Ethereum ICO era in 2017. SOL has also experienced a huge turnaround like Ethereum did (the collapse of FTX was the DAO event of SOL), and it has truly established a self-circulating self-investment system. It is the third cryptocurrency after BTC and Ethereum to establish a strong OG self-investment ecosystem. The difference is that the ICO of Ethereum was a large-scale infrastructure movement for Ethereum, and the core decentralized finance infrastructure we are using now basically came out during the ICO era. On the other hand, SOL’s meme trading is a highly commoditized track that lacks a moat and will quickly spill over to other chains. It cannot provide financing for SOL’s infrastructure (not even the fees from pumping flow back to SOL). Finally, Mindao stated, ‘I have never been worried that Ethereum’s performance would be worse than other newcomers, but if one day it becomes uncool, not geeky, and not transcendent, that’s when we should truly be worried. Therefore, I don’t think SOL will flip ETH, after all, Ethereum is still pretty cool.’