The post Solana Founder Doesn’t Want Network To Be Called ‘Ethereum Killer, Here’s Why appeared on BitcoinEthereumNews.com.

Solana’s creation was designed to work with all the functionalities of Ethereum and improve upon the issues that arose in the network’s early days. The blockchain has since grown in popularity in the past few years, with many crypto participants touting Solana as the one to dethrone Ethereum in the altcoin market. However, it seems Solana’s co-founder Anatoly Yakovenko is tired of the comparison, and just wants a situation where the network can thrive. Anatoly Yakovenko’s Thoughts On The ‘Ethereum Killer’ Label Solana has done well since the October bottom which led to market gains in the wider crypto market. The crypto’s price has done 197% gains since the middle of October and is up by 531% from its 2023 open of around $9.96. At the same time, Solana’s TVL in DeFi has also grown spectacularly, adding 74.67% in the past month and $482 million since the beginning of 2023.  Furthermore, according to the data provided by DeFiLlama, the daily trade volume of Solana’s DeFi has been surpassing that of Ethereum L2 Chains like as Polygon and Optimism. All these on-chain metrics, coupled with the recent proposal by MakerDAO’s co-founder Rune Christensen to utilize a fork of Solana’s codebase for the creation of MakerDAO’s upcoming native chain called “NewChain” appears to have sparked another round of assertions that Solana is a potential Ethereum killer. SOL market cap currently at $26.64 billion on the daily chart: TradingView.com Yakovenko recently took to social media platform X to speak on the recent Ethereum killer making rounds again. According to him, both networks can co-exist even while competing and having most of the same features.  “Don’t bring back last cycle “eth killer” bs,” Yakovenko said. “I don’t see a future where solana thrives and somehow eth dies,” he continued. Don’t bring back last cycle…

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Filed under: News - @ December 3, 2023 6:08 pm