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：基金专题)

• ·明天南昌什么天气预报
• ·运费应该记在哪项会计科目下？
• ·医疗链hcc钱包-hcc医疗链 骗局
• ·中期财务报告附注编制的基本要求是什么？
• ·哪些发票不能跨年报销
• ·meme币app下载安卓 meme币最新版官网app
• ·请问360借条放款要多久时间？
• ·meme币官方app检测出恶意 meme币最新版下载链接有没有
• ·乐山公积金查询个人账户-乐山公积金查询个人账户查询官网
• ·10月31日银河创新成长混合C净值增长1.62%，近6个月累计上涨40.89%
• ·SEC与Ripple达成7500万美元和解协议：XRP市场迎来重大转折
• ·10月31日华泰柏瑞享利混合C净值下跌0.05%，近1个月累计下跌0.13%
• ·九大最透明的btc交易所排 全球9大币圈交易所排名2025
• ·meme币交易所安卓手机端 memeBIAN卓中文版app下载
• ·员工意外保险抬头是个人名字怎么入帐
• ·10月31日西部利得成长精选混合净值下跌0.58%，近1个月累计下跌5.76%