Arthur Hayes Predicts Most L1s Will Crash Except Ethereum And Solana
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- 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…
Read The Full Article Arthur Hayes Predicts Most L1s Will Crash Except Ethereum And Solana On Coin Edition.
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Arthur Hayes Predicts Most L1s Will Crash Except Ethereum And Solana
Share:
- 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…
Read The Full Article Arthur Hayes Predicts Most L1s Will Crash Except Ethereum And Solana On Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Arthur Hayes Crypto Investment: $1.42M Move Sparks Market Excitement