Arthur Hayes Predicts Most L1s Will Crash Except Ethereum And Solana

• Arthur Hayes says Ethereum and Solana are the only Layer-1s likely to succeed.
• He predicts most new L1s, like Monad, will crash by 99%.
• Institutions will choose Ethereum as their main public blockchain for Web3.

Arthur Hayes, co-founder of BitMEX, says that every major Layer-1 blockchain outside of Ethereum and Solana is eventually going to zero. In an interview with Altcoin Daily, Hayes explained why he believes the market still misunderstands Ethereum’s long-term importance, and why institutions will ultimately choose ETH as their foundation for Web3.

Ethereum: The Only Public Chain Institutions Trust

Hayes argued that traditional financial institutions have finally accepted a reality they spent a decade resisting; private blockchains don’t work. Now, according to Hayes, banks are preparing to move into Web3 using public blockchains, and he says Ethereum w…

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