The post Arthur Hayes Predicts Aptos (APT) to Flip Solana (SOL) appeared on BitcoinEthereumNews.com.

Coinspeaker Arthur Hayes Predicts Aptos (APT) to Flip Solana (SOL) BitMEX co-founder Arthur Hayes has made a bombshell prediction that Layer 1 (L1) blockchain Aptos (APT) will flip Solana (SOL) within the next 2 to 3 years. Speaking in a recent interview with Raoul Pal, Hayes noted the imminent flipping might push Aptos to become the number 2 L1 protocol after Ethereum. Aptos and Solana: L1 Competition To Heat Up The dominance of Ethereum is constantly challenged by newer and more innovative rivals. Solana came onto the scene in March 2020 with a promise of correcting the flaws of Ethereum. Some of the identified flaws include scalability, speed, and cost. At the time of its launch, the industry needed a major alternative as congestion woes rocked the Ethereum ecosystem amid the Decentralized Finance (DeFi) explosion. It took a while for Solana to gain the needed traction, however, it is one of the most revered protocols today. The Solana explosion began with the launch of its meme coin BONK in December 2022. For the first time, the memecoin revolution spread outside Ethereum and this quickly drew the attention of many. The success of BONK attracted many other meme coins to the Solana platform. This comes amid the cheaper minting fees that also triggered innovative DeFi platforms to launch on Solana. Despite this popularity, Solana soon hit its own congestion woes, reliving the strains that engulfed Ethereum at a point. According to Arthur Hayes, Aptos is on track to take over the scene in 1 to 3 years. While he did not expatiate on reasons for his conviction, he said more insights will be issued in September. The choice of Aptos is not surprising considering the protocol has never recorded any downtime since inception. The digital currency ecosystem is always exploring the…

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Filed under: News - @ June 17, 2024 8:12 am