Yang Mindao, founder of dForce, and 0x992, a senior figure in the field of memory blockchain, discussed the recently discussed topic of "SOL up and ETH down" in the community. Both of them believe that Solana's meme craze this year is similar to Ethereum's ICO craze in 2017, but their different views are that Yang believes that Ethereum's ICO is a large-scale infrastructure movement that gives the chain an advantage in infrastructure, while Solana's meme issuance lacks a moat.

Author: Yang Mindao, Founder of dForce

I will refer to this conversation as the emotional journey from ETH maxis to SOL maxis.

@0x992eth is one of the earliest DeFi practitioners in China, having been working on DeFi projects before 2019 and continuously investing in first and second tier projects. It is definitely a amphibious and multilateral warrior in the Ethereum trench. I share some observations about his transition from ETH to SOL maxis.

For example, SOL now resembles the grandeur of the 2017 Ethereum ICO era. SOL also experienced a huge turning point of revival (the collapse of FTX was SOL's DAO event), and truly established a self circulating self investment system. It is the third company after Bitcoin and Ethereum to establish a strong OG self investment ecosystem. Just like how ETH Maxis risked his life and incurred losses by investing heavily in various Ethereum ICOs with ETH, SOL OG is now doing the same thing.

Along the way, there have been countless Ethereum assassins, including ETC, EOS, Tron, and Polkadot (now the most reliable one seems to be Sun Ge's Tron). The closest in terms of potential energy may be EOS (the crowded ICO scene and lively super node competition), which really feels like ETH is about to perish (p.s: Multicoin was also one of the major players in EOS at that time).

Comparing ICO and Meme, at that time, besides Ethereum, there was no shortage of ICO chains. Every mainstream chain was promoting ICO, and everyone was playing this flywheel. But the real bottleneck is Ethereum. Looking at the release of memes now, most of the popular memes are also released on SOL.

But my observation is different from @ 0x992eth's here:

I think the ICO of Ethereum is a large-scale infrastructure movement of Ethereum, and the core DeFi infrastructure we use now is basically from the ICO era.

Ethereum is not inferior to its competitors in core metrics during each critical cycle (such as L2's gas and TPS), and SOL does not have an absolute competitive advantage in this regard (the newly launched SUI and APTOS have performance and usage that are not inferior to SOL).

Now SOL's meme trading is a highly commercialized track that will soon spill over to other chains. It cannot provide infrastructure financing for SOL (even pump fees do not flow back to SOL).

Where is Meme's moat? Why can't memes from other chains surpass SOL. I think highly commercialized meme distribution has no moat.

@0x992eth believes that the core advantages of SOL's meme are ecology (I summarize that SOL is already the Pearl River Delta of memes) and culture (just like different styles of rap that others cannot copy).

The Pearl River Delta may also be surpassed by Vietnam and India, but when it comes to culture, this is indeed a concern for me. After all, Bitcoin and Ethereum both started with this.

I have never worried about Ethereum's performance being inferior to other new startups, but if one day it becomes uncool, not geeky, and not transcendent, that is what truly worries people.

But I'm not so pessimistic, I don't think SOL will flip ETH, after all, Ethereum is still quite cool now.

If one day the community doesn't discuss Mars, longevity, privacy protection, and extreme decentralization, then it will truly perish.

Related articles: "Ethereum OG: Five Reasons Why Solana Cannot Become a Blockchain Backbone", "Solana Community Counters Ethereum OG Comment: Fanatical Nonsense", "ABCDE Investment Research Partner: Discussing Ethereum's Current 'Difficulties' from a Primary Market Perspective"

(责任编辑：风向标)

• ·成本计算对象怎么确定
• ·MakrDAO 提议将 DAI 储蓄率提高至 3.33%
• ·链克钱包私钥-链克钱包私钥是什么
• ·什么样的游客
• ·聚合国际交易所
• ·10月31日嘉实资源精选股票A净值下跌0.69%，近1个月累计下跌6.46%
• ·2025年合法的数字货币交易平台有哪些？
• ·隆利科技接待12家机构调研，包括均泽资管、太平洋寿险资管、精砚私募等
• ·药店成本核算方法是什么
• ·比特币最新消息今日：比特币价格反弹至31500美元 达今年新高后局势逆转
• ·长沙住房公积金贷款条件
• ·10月31日易方达稳健增利混合A净值下跌0.52%，近1个月累计下跌2.89%
• ·什么是区块链节点
• ·欧亿apk安卓版v6.5.0下载地址-芝麻交易所交易所app下载安卓版2023
• ·及贷怎么抢额度，有什么方法或小技巧吗？想要了解一下。
• ·10月31日先锋量化优选混合C净值增长0.31%，近6个月累计上涨11.18%