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DeFi analyst Ignas: If Solana adopts an L2 expansion model similar to Ethereum, SOL may become the new ETH

2024-09-03 05:56
Odaily News DeFi analyst Ignas said that Solana is facing a critical turning point, and its transition from a monolithic blockchain to a modular architecture has sparked heated discussions in the industry. Ignas pointed out that this transition may affect Solana's positioning in the cryptocurrency community, and the key lies in whether the concept of "network expansion" can be recognized. During this bull market, ETH was between BTC and SOL. He believes that if Solana adopts an L2 expansion model similar to Ethereum, SOL may become the new ETH. However, this depends on how the new architecture affects the actual performance of the Solana ecosystem. Ignas warned that if Solana faces problems such as liquidity dispersion, its position may become uncertain. In addition, speculators may turn to chasing "network expansion" tokens in the Solana ecosystem rather than SOL itself, which may hinder the price growth of SOL.