ETH MAXI

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

Ethereum's L2s provide diversity and innovation. Fragmented liquidity might be temporary, but decentralization and security are priceless. ETH's long-term value lies in its robust ecosystem.

ETH was, rightly or wrongly, building for an idealized future where the majority of onchain activity was less speculative (and therefore less dependent on robust centralized liquidity)

meanwhile, I don't think Solana was building to keep liquidity in one spot to incentivize memecoins

it's just a happy accident of them having a simple north star (make single chain go fast) vs ETH's idealized buildoor vision tweaking the roadmap for use cases that aren't proven yet

yes important follow up

ETH may win long term if the vision they are building for materializes

yes important follow up

ETH may win long term if the vision they are building for materializes

https://warpcast.com/kenny/0xa5fdb1e9