kenny 🎩
@kenny
the mental gymnastics to justify the mania happening on SOL vs ETH is amazing it's not complicated Solana has one centralized layer with all the liquidity ETH decided to split the liquidity across 15 L2s traders want liquidity, so they using Solana that's the story
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kripcat.eth 🎩
@kripcat.eth
Yup, think this is it. Memecoin trading happening on Solana because of higher liquidity, profits rotated back into Sol + people beating on sol because of higher activity, protocol revenue and momentum from 22-23 trade. But if you believe that Ethereum can solve the fragmentation problem and will do so on 12-24 month timeframe. What will keep people on Solana when the big pool (ETH+l2s) reopens?
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