CoinVoice has recently learned that, according to The Block, Kyle Samani, co-founder and managing partner of Multicoin Capital, stated in an interview with The Block that Multicoin Capital is actively expanding its investments in DeFi applications, particularly within the Solana ecosystem, which has outperformed Ethereum and second-layer ecosystems in key chain metrics this year. 'We expect this trend to continue as more users, capital, issuance, and activity migrate to the Solana ecosystem, and Solana-based applications and protocols will be the big winners in the next cycle.'
Samani also pointed out that Ethereum will face ongoing challenges and may even 'fall into a long-term decline' due to intense competition from Solana and other faster, cheaper blockchains. He added, 'Unless Ethereum can enhance its competitiveness, developers, users, and capital will turn to other chains that better meet their needs.'
Additionally, Multicoin is optimistic about stablecoins, with Samani viewing them as 'possibly one of the greatest technological and financial innovations of our lifetime.' He stated, 'Stablecoins have the opportunity to become giants by 2025; everyone in the world craves dollars, and stablecoins are the most efficient way to obtain them. The design space is vast, and we are still in the early stages of the adoption curve.' [Original link]
