Anatoly Yakovenko, the co-founder of Solana, has dismissed the narrative of “ETH Killer,” instead advocating for a healthy rivalry with Ethereum, adding that Solana and Ethereum are poised to thrive together.
The “ETH killer” tag came back into the spotlight thanks to Solana having an unprecedented year, clocking a 700% gain to date.
Solana And Ethereum Can Coexist
Solana has been having a phenomenal year so far, registering unprecedented gains so far this year. This performance has once again brought the narrative of “Ethereum killer” into focus as Solana’s on-chain and trading activity reach new highs. However, Solana co-founder Anatoly Yakovenko has taken a different stance on the debate. In a post on X (formerly Twitter), Yakovenko delved into this debate and talked about a future where both Solana and Ethereum thrive, highlighting the potential of both platforms and technologies to evolve and scale.
It is abundantly clear from the post that Yakovenko is not fond of the ETH killer tag, stating,
“Don’t bring back last cycle “eth killer” bs. It’s lame. Pareto efficient technologies can have overlapping features and will compete, but that’s all ok. I don’t see a future where Solana thrives and somehow ETH dies. I am such a techno optimist that I am certain that eventually danksharding will have enough bandwidth for all of solana’s data.”
Yakovenko emphasized that both technologies can have overlapping features and still coexist, fostering healthy competition between one another and other platforms. He also hinted at optimism regarding the crypto industry’s future and a potential collaboration with Ethereum. It is important to remember that Solana was created to address scalability challenges faced by Ethereum and saw the introduction of a solution that combined Proof-of-History and delegated Proof-of-Stake protocols. This allowed it to process over 50,000 transactions per second (TPS).
Sentiment Resonates With Crypto Community
Yakovenko’s views on Solana and Ethereum resonated with the larger crypto community and garnered several responses on social media. One user on X pointed out that the crypto market is already speculating about the identity of the next SOL and ETH killers. The observation is a reflection of the dynamic and ever-evolving nature of the crypto ecosystem, where innovation and healthy competition drive progress.
Another user on X stressed on the inevitability of a multi-chain future, stating that great technologists and technologies will continue to push the boundaries of what is possible. According to users and Yakovenko, the coexistence of multiple successful platforms highlights the ability of blockchain technology and how it can accommodate diverse solutions. Yakovenko also believes that the industry is poised for a future where blockchain platforms can coexist.
Solana’s Resurgence
Solana has been on an upward trajectory since mid-October and is currently trading at the $63 mark. This is an increase of almost 15% over the past week. Solana’s recent resurgence has reignited hopes of a bullish market phase, with traders hoping the token can cross the $70 mark soon.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
