"Solana is not the killer of Ethereum"

"Solana is not the killer of Ethereum"

Solana is making phenomenal progress this year, recording an impressive 700% gain, while the network is attracting attention with its on-chain and trading activity.

Anatoly Yakovenko, co-founder of Solana, dismissed the narrative of the blockchain as an "Ethereum killer," which resurfaced after Solana recovered from a steep decline caused by SOL's association with Sam Bankman-Fried's FTX and Alameda.

Solana has had a phenomenal year so far, posting unprecedented gains this year, with growth of approximately 700 percent. Namely, its performance once again put the story of the "Ethereum killer" in focus because, in addition to the price explosion, both on-chain and trading activity are reaching new peaks.

Instead of eliminating Ethereum, Yakovenko advocates a healthy rivalry where both blockchains thrive together, highlighting the potential of both platforms and technologies for development and growth, while calling Solana's ETH killer epithet bullshit from the last cycle.

Yakovenko emphasized that both technologies can have overlapping features but still coexist, encouraging healthy competition between platforms. He also expressed optimism about the future of the crypto industry and potential cooperation with Ethereum.

It is important to remember that Solana was created to solve the scalability challenges faced by Ethereum. The introduction of a solution that combines Proof-of-History and Proof-of-Stake protocols enabled that blockchain to process over 50,000 transactions per second (TPS).

Yakovenko's position on Solana and Ethereum resonated in the broader crypto community and drew mixed comments. One user on X pointed out that the crypto market is already speculating about the identity of the next SOL and ETH killers.

And that observation is a reflection of the dynamic nature of the ever-evolving crypto ecosystem, where innovation and healthy competition drive progress. Another user emphasized the inevitability of a multi-chain future, stating that major technologists and technologies will continue to push the boundaries of what is possible.

Thus, there seems to be a consensus that the existence of multiple successful platforms highlights the ability of blockchain technology to accommodate diverse solutions. Yakovenko also believes that the industry is ready for a future where blockchain platforms can coexist.