While many critics have called Solana “the Ethereum killer” because of lower fees and faster transaction times, Raj Gokal, co-founder of Solana Labs, said the project does not want to kill cryptocurrency – and will not be able to do so if it does. the. … …
Gokal made the comment in response to a Twitter post from the venture capital firm’s co-founder Chris Burninski on Wednesday, who wrote: “Despite the fine words, the L1 knives have gone their separate ways. In cryptocurrency, people usually want to win their biggest wallet. “…
“It will affect almost all communication, so do not take what you see and hear as facts,” he added.
In response, Gokal stressed that “this should not be a struggle”, as he argued that the goal for all people working in cryptography should be agreed with “every person” in Web 3.0, noting that:
Knives out means we’re trying to kill Ethereum. Ethereum can not be killed, it is impossible. It is truly a wonderful force for the good of the world, which strengthens millions and creates billions of wealth. It is clear that Bitcoin is the same. ”
According to CoinGecko, Solana’s proprietary cryptocurrency, SOL, is currently the fifth digital asset with a total market value of $ 71.7 billion and ahead of other Ethereum killer Cardano (ADA) in sixth place with $ 67.4 billion. Ether (ETH) is ahead of the two in second place with a market value of around $ 564.7 billion.
However, Solana has been working a lot lately. It is up 11 742% last year to $ 237.53, while ETH is up 931% during that time period, reaching around $ 4,800.
Earlier this week, the Solana Foundation hosted Solana Breakpoint 2021 in Lisbon, Portugal, which brought together guests such as Jocal, Solana Labs CEO and co-founder Anatoly Yakovenko, FTX CEO Sam Bankman-Fried, Alexis Ohanian and Circle, Reddit Founder .. co-CEO Jeremy Aller.
In a speech on the first day of the event, Gokal stated that the Solana ecosystem will “explode” in 2021 in all vertical and “use cases”. The co-founder highlighted data showing that 2.2 million non-fungible tokens (NFTs) were minted on the Solana blockchain over a three-month period, and to date, Solana-based decentralized finance (DeFi) has registered a total value of over $ 15 billion. Sunday ($ 14.47 billion) at the time of writing).
The Solana ecosystem from October
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In a Friday post titled “The Perpetual SOL Rise,” by Messari researcher Dustin Tender, he noted that “Solana has generated significant investor interest over the past quarter,” and provided a long list of promising “growth catalysts” for the project.
“The price discovery has in many ways been well supported across all sectors – a $ 100 million gaming fund has been announced, Brave announces local Web3 integration, and a $ 100 million investment in social media from Reddit and Neon Labs has raised $ 40 million. Dollars to implement EVM on top of infrastructure, please run NFT on Solana and build FTX on NFT integration. ”
“And of course, it’s Solana’s DeFi ecosystem, which has quadrupled since September,” he added.