According to BlockBeats news, on October 31, Mindao, the founder of DeFi protocol dForce, posted on his social platform to discuss whether Solana will subvert Ethereum. Mindao said that SOL is now very much like the grand occasion of the Ethereum ICO era in 2017. SOL has also experienced a huge turning point in resurrection (the collapse of FTX is SOL’s The DAO incident), and has truly established a self-circulating self-investment system. It is the third OG self-investment ecosystem after Bitcoin and Ethereum to establish a strong of.
The difference is that Ethereum’s ICO is a large-scale infrastructure movement of Ethereum, and the core DeFi infrastructure we use now is basically from the ICO era. But now SOL’s meme trading is an extremely commercialized track, lacking a moat, and will soon spill over to other chains. It cannot provide SOL with infrastructure financing (even pump fees do not flow back to SOL).
Mindao finally said, “I have never worried that Ethereum’s performance is worse than other emerging stars, but if one day it becomes not cool, not geeky, and not transcendent, that would be really worrying. Therefore, I don’t think SOL will flip ETH, after all, Ethereum is quite cool now.”
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<p>The post Mindao: Solana’s extremely commercialized meme distribution lacks a moat, and I don’t think it can subvert Ethereum. first appeared on CoinBuzzFeed.</p>
