Dragonfly Partners: Solana and Ethereum can coexist in competition, and new blockchains may emerge to capture market share

According to CoinTelegraph, Dragonfly General Partner Rob Hadick stated that both Solana and Ethereum will thrive in the tokenization competition, and no blockchain will push another out of this space.

If you believe that most assets will be tokenized and there will be a significant amount of economic activity on-chain, you cannot just have one blockchain. Currently, most stablecoins are on Ethereum, and most on-chain economic activity also exists on Ethereum, but Solana handles a large portion of the transaction volume.

The report states that, according to data from RWA.XYZ, the network asset value of Ethereum is $183.7 billion, while the network asset value of Solana is $15.9 billion. Hadick mentioned that in the future, we will see different blockchains with different use cases, and it is also possible for new blockchains to emerge and capture market share.