The core of the global financial system is Ethereum, not Solana. Ethereum is at the heart of the new global financial system, connecting L2 and L1 applications. Solana’s leadership has acknowledged Ethereum’s L2 core strategy and hinted at a possible transition, but Solana is not suitable to be the core of L2 or host world-class L1 activities.
Solana will not meet the world’s upcoming demand in speed and cost, is not decentralized enough to attract large capital, and fails to become a competitive global core for L2. Solana’s technology and economic strategy make it difficult for it to become the global core, while Ethereum has already proven its ability to become the core and scale in a way that matches the world’s needs.
Ethereum’s approach, which combines L1 core and L2 markets, maximizes decentralization and trusted neutrality, further solidifying its position as the core of the new global financial system.