2025-12-25 03:28:40

Dragonfly VC: Solana and Ethereum can coexist in competition, and new blockchains may emerge to capture market share

According to CoinTelegraph, Dragonfly general partner Rob Hadick stated that both Solana and Ethereum will thrive in the tokenization race, and no single blockchain will push the other out of this space.
If you believe that most assets will be tokenized and that a large amount of economic activity will occur on-chain, you cannot rely on just one blockchain. Currently, most stablecoins are on Ethereum, and most on-chain economic activity also takes place on Ethereum, but Solana handles the majority of transaction volume.
The report states that, according to data from , Ethereum's network asset value is $183.7 billion, while Solana's network asset value is $15.9 billion. Hadick said that in the future, different blockchains will have different application scenarios, and it is also possible for new blockchains to emerge and capture market share.

SOL-0.33%

ETH-0.18%

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