CMC News

$SOL and $ETH To Share Tokenization Market: Dragonfly

Dragonfly general partner Rob Hadick says that Solana and Ethereum will both succeed in the #tokenization race without pushing each other out of the market. He compared the situation to social media, saying both blockchains represent winning platforms rather than a Facebook versus MySpace scenario.

Growing interest in #tokenization and increasing #on-chain economic activity creates space for multiple blockchains to operate simultaneously. Hadick explained that no single blockchain can scale large enough to handle all tokenized assets and economic transactions alone.

Ethereum currently hosts most #stablecoins and the majority of on-chain economic activity, according to Hadick. The network's asset value, including stablecoins, stands at $183.7 billion compared to $SOL's $15.9 billion, based on   RWA.XYZ data.

#Solana processes the highest trading volume among blockchains, making it better optimized for transaction-heavy activities. The network's architecture supports different use cases than Ethereum, allowing both platforms to serve distinct market segments.