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.