dForce founder: The commercialization of Solana's meme issuance lacks a moat and does not believe it can disrupt Ethereum

ChainCatcher news, dForce founder Mindao discussed on his social platform whether Solana will disrupt Ethereum. Mindao stated that SOL now resembles the glory of the Ethereum ICO era in 2017. SOL has also experienced a significant turnaround (the collapse of FTX is SOL's The DAO event), and it has truly established a self-circulating investment system, becoming the third to build a strong OG investment ecosystem after Bitcoin and Ethereum.

The difference is that Ethereum's ICO was a large-scale infrastructure movement for Ethereum, and the core DeFi infrastructure we use now basically emerged from the ICO era. In contrast, SOL's meme trading is a highly commoditized track, lacking a moat, and will quickly spill over to other chains; it cannot provide financing for SOL's infrastructure (even the pump fees do not flow back to SOL).

Mindao finally expressed that he has never worried about Ethereum's performance being inferior to other rising stars, but if one day it becomes uncool, un-geeky, and detached, that would be truly concerning. Therefore, he does not believe SOL will flip ETH, as Ethereum is still quite cool right now.