Solana and Ethereum are both likely to thrive in the race to dominate tokenised assets, according to Dragonfly general partner Rob Hadick.
Hadick said neither blockchain is positioned to push the other out of the market as on-chain activity continues to expand.
Speaking on CNBC’s Squawk Box, he compared the relationship to dominant platforms rather than a winner-takes-all outcome.
They are both Facebook.
Rob Hadick said, rejecting the idea that one network would fade like MySpace.
He argued that rising interest in tokenisation supports the case for multiple blockchains coexisting.
Hadick said the scale of future on-chain economic activity makes reliance on a single blockchain unrealistic.
There’s a lot of room in this market… You can’t just have one blockchain.
Rob Hadick said.
He noted that most stablecoins are currently issued on Ethereum.
Ethereum also hosts the majority of on-chain economic activity today.
By contrast, Hadick said Solana processes a larger share of trading volume.
He described Solana as more optimised for high-throughput trading flows.
Data shows a wide gap in network asset value between the two blockchains.
Ethereum’s network asset value stands at about $183.7 billion, including stablecoins.
Solana’s comparable figure is roughly $15.9 billion, according to RWA.XYZ.
Despite this disparity, Hadick said dominance by a single chain is unlikely.
He argued that no blockchain can scale enough to serve all use cases alone.
Different applications are likely to gravitate towards different networks.
Hadick said new blockchains could also emerge and take market share over time.
The comments come as crypto platforms increasingly shift between networks.
Businesses are choosing blockchains based on evolving technical and commercial needs.
Fantasy sports crypto platform Sorare announced plans to migrate from Ethereum to Solana.
The move follows six years of operating on Ethereum.
Sorare said the transition will support more than 10 sports games and their trading cards.
The company cited Solana’s scalability and consumer-focused user base as key factors.
Sorare chief executive Nicolas Julia said the shift should be viewed as an upgrade.
We are still very confident in Ethereum.
Nicolas Julia said.
Asset managers are also assessing relative positions among major blockchains.
Coinbase Asset Management president Anthony Bassili said Bitcoin and Ether dominate portfolios.
He described Solana as a potential candidate for a third position in allocations.
Bassili said portfolio construction reflects differing risk and utility profiles.
The discussion highlights growing acceptance of a multi-chain future.
Tokenisation of real-world assets is expected to accelerate competition.
Analysts say interoperability and specialisation may shape the next phase.
Rather than replacing each other, Solana and Ethereum may serve complementary roles.
At the time of reporting, Solana price was $122.67.