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Seeking Alpha 2021-10-25 20:36:54

Solana: Ethereum Killer Or Complement?

Solana is a Layer 1 blockchain protocol that has gotten a lot of attention from the crypto community and investors. It's currently the 6th largest, by market cap, crypto asset.Similar to Ethereum, crypto developers & entrepreneurs are building using Solana, creating a vibrant ecosystem and community.Solana's main selling points vs. Ethereum are its (1) high throughput (65,000 transactions per second (TPS) & 0.4 second settlement) & (2) low costs ($0.00025 per transaction).While Solana appears to be a next generation successor ("Ethereum-Killer") blockchain, we believe it's more a complement & competitor, in a non zero-sum game, to Ethereum.We are long both Ethereum & Solana and believe "Eth-Killer" narratives show a misunderstanding of the crypto asset class.

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