Solana vs Ethereum: Who Will Dominate in the Tokenization Era?

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【CoinPush】Dragonfly investor Rob Hadick recently shared an interesting perspective: rather than saying Solana and Ethereum are in competition, it’s more accurate to say they will each showcase their strengths in the wave of tokenization.

His logic is quite straightforward—if most assets truly go on-chain, you can’t just rely on a single blockchain. Currently, stablecoins and economic activities are mainly concentrated on Ethereum, but Solana has captured a large share of transaction volume. Data shows that the Ethereum network’s asset size is approximately $183.7 billion, while Solana’s is $15.9 billion, indicating a significant difference in scale.

However, Hadick believes this doesn’t mean the outcome is already decided. As application scenarios become more specialized, different public chains will find their own positioning. Even new blockchains might emerge to carve out a share. So instead of worrying about who wins or loses, it’s better to focus on the evolving differentiation within the entire ecosystem.

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AirdropATMvip
· 15h ago
Hey, wait a minute. With Sol's obvious TPS advantage, why is its asset size still being so heavily beaten?
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StakoorNeverSleepsvip
· 15h ago
There's nothing wrong with that; ecosystem differentiation is indeed the trend. It's often said that it's either/or, but there's really no need for that. ETH's large scale is a fact, but SOL's TPS and user stickiness are also not achieved easily. New chains are still emerging continuously. In the multi-chain era, who will dominate... Wait, asking this question itself is problematic. Anyway, I don't plan to all-in on any one chain; the risk is just too high.
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NftDeepBreathervip
· 15h ago
Haha, I like this tone. Instead of betting on a single chain, why not hold positions in all of them? Honestly, ecosystem differentiation is the future norm. This guy is right, who said we have to split into one, two, or three? With such a large scale difference, SOL is still fighting over transaction speed, ETH is sitting comfortably with the wallet, so why fight to the death? Maybe a new chain can really carve out a vertical scenario; don’t be blinded by the current pattern. Hadick’s words are actually reassuring us that differentiation ≠ decline. I think the problem isn’t who wins, but whether they can make a name for themselves in their respective tracks. Good words, but the key is actual implementation—don’t just talk big. The days of one chain dominating everything are long gone... Multi-chain deployment will eventually become common sense. This perspective is indeed clear-headed. Instead of kowtowing to one chain, better to earn some profits from all. Tokenization is really coming; just holding a few leading tokens is far from enough.
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OneBlockAtATimevip
· 16h ago
Haha, you're not wrong. Ecosystem diversification is the general trend. I'm just saying, trying to produce a clear first place isn't very meaningful. Each chain playing to its strengths is more reliable. Sol's TPS can indeed compete, but Ethereum's asset accumulation is right there, and no one can replace it. Currently, multi-chain narratives are the way to go. Those betting everything on a single chain are just gambling. A diversified ecosystem is actually the healthiest state. Who knows, the next dark horse public chain might just emerge. Hadick's judgment this time is relatively clear-headed, unlike some people who insist on creating a win or lose scenario. In simple terms, the more chains there are and the more segmented the applications, the better it is for the entire Web3. Instead of fighting for the top spot, it's better to deepen your own niche. Those who blindly went all-in on a single chain have already suffered losses. Holding multiple chains has become standard; who still bets on a single chain?
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