Solana Labs Boss Calls SOL Coin Not Ethereum Killer

Posted on

Solana Labs boss Raj Gokal thinks that comparing Ethereum to Solana, even going so far as to call the SOL coin the “Ethereum Killer” is unnecessary.

Solana is often referred to as the better version of Ethereum and could be the killer of the network in the future.

With lower fees and faster transaction times offered, it is a reason investors favor SOL.

One of the co-founders of venture capital firm Placeholder, Chris Burniske, made a tweet on his Twitter page that seemed to quip another network that looks so ambitious to be side by side with Ethereum.

Shortly after the tweet, Gokal wrote his comments there.

Gokal wants all parties to be on good terms without division, even though their networks are competing against each other on the cryptocurrency board.

After expressing his opinion, Gokal apologized because the tweet had nothing to do with Solana.

However, Gokal still wrote his disappointment there. He just doesn’t like it if every time a non-ethereum chain like Solana is achieving greater success, the network is branded with ambitions of being the Ethereum Killer.

Earlier this week, the Solana Foundation hosted the 2021 Solana Breakpoint conference in Lisbon, Portugal, which featured an array of classy guests.

Call it some high-ranking Solana Labs, co-founder of Reddit named Alexis Ohanian, Jeremy Allaire, to Sam Bankman-Fried as CEO of FTX.

On the first day of the event, Gokal stated that the Solana ecosystem has exploded with significant improvements throughout 2021 in every vertical, including use cases.

The co-founder also highlighted data showing 2.2 million NFTs were minted on the Solana blockchain in just three months.

The revenue created is worth over $15 billion, locked in Solana-based DeFi of $14.47 billion at the time of writing.

Dustin Teander Research also notes that Solana has received more attention from investors over the past quarter.

This makes SOL included in the long list of promising a project with a positive injection of funds flowing into the network.

“In many ways, the price of the SOL coin has been driven healthily across sectors, such as the announced $100 million gaming fund, the $100 million investment from Reddit for Social Media, the $40 million fundraised by Neon Labs to bring about the completion of EVM, to launch NFT in Solana and the DeFi ecosystem on a network that has seen TVL expansion 4x since September.” Details of the researcher.