Blog

Solana has already cemented its status as one of many largest rivals of Ethereum which had earned it the nickname of ‘Ethereum Killer’. The neighborhood has run with this narrative and it has led to a fierce rivalry between the communities behind each networks. However, Solana founder Anatoly Yakovenko has really come ahead to debunk this perception and has offered a brand new one fully.

Solana Is Not An ‘Ethereum Killer’

Speaking on the Decrypt gm podcast, Anatoly Yakovenko dove in to handle the ‘Ethereum Killer’ narrative. According to the founder, the creators of the community don’t really view the blockchain this fashion. Even although they’re in direct competitors with each other, Solana is just not really making an attempt to kill Ethereum.

Yakovenko expressed that he discovered the narrative fairly humorous as a result of Solana was totally different than that. Instead, he sees it in a means that Solana is complimentary to Ethereum, as a substitute of straight up making an attempt to kill its predecessor. 

The founder revealed that there have been occasions when the Solana group has measured their degree of success compared to that of Ethereum however added that they accomplish that as a result of Ethereum continues to be the market chief within the house.

SOL value trending at $30 | Source: SOLUSD on TradingView.com

Even although Solana has grown tremendously within the final two years, Ethereum continues to be a extremely favored community amongst builders in relation to constructing, and Solana does attempt to measure as much as that, in line with the founder.

What Draws In People

The topic of builders selecting Ethereum or Solana for his or her improvement wants comes up once more within the dialog and Yakovenko explains how essential the apps are. According to him, adoption will get to some extent the place customers are usually not really taking a look at which blockchain they’re utilizing however slightly be extra centered on the app by which they bought onboarded.

“We’re seeing new [people] enter the space. When we get to 100 million [active users], will that next 90 million care about which blockchain it’s using? They are going to be using the killer app that brought them there,” Yakovenko defined.

As for what the longer term holds for the blockchain, the founder stated that whereas there will probably be multi-chain interoperability within the house, the overwhelming majority of transactions (90%) would really be taking place in a single setting.

Solana is a fast-growing community with greater than 106 billion transactions already recorded on the community. However, it nonetheless stays behind Ethereum. Presently, there’s a little over $931 million locked on the Solana community, whereas Ethereum commands over 57% of the DeFi total value locked at $31.14 billion.

Featured picture from Coinwitcher.com, chart from TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional humorous tweet…