2025-12-25 03:45:30

The wave of asset tokenization is accelerating. What does this mean for the public chain ecosystem? A partner at Dragonfly recently shared his views — Solana and Ethereum are not in zero-sum competition; instead, they will both benefit from this wave. He used an interesting analogy: they are like two different social platforms, each occupying a different position in the ecosystem.

The current landscape is as follows: Ethereum mainly supports stablecoins and core economic activities, accumulating the heaviest assets and transaction base; while Solana, with its high transaction efficiency, has found new growth points in asset tokenization and on-chain economic expansion. With the explosion of RWA (Real World Asset on-chain) and enterprise-level applications, both public chains have their own growth potential. Rather than saying who will defeat whom, it’s more about the entire industry’s cake getting bigger, and each is gaining a larger share. This kind of symbiotic prosperity is a sign that the public chain ecosystem is maturing.

ETH0.29%

SOL0.37%

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rugged_again

· 5h ago

It sounds good, but I still think this is Dragonfly just trying to whitewash their invested projects. SOL's TPS advantage has long been old news; the real issue is whether the ecosystem applications can keep up... Speaking of which, will RWA really explode on-chain, or is it just another round of a concept to harvest retail investors?

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MidnightTrader

· 5h ago

Is this a win-win? I don't think so. It still depends on who can master the RWA part first.

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ContractExplorer

· 5h ago

Stop bragging. No matter how nice it sounds, it still depends on who holds more coins. This theory sounds good, but in reality, it's still ETH eating the meat and SOL drinking the soup. RWA will be discussed when it truly arrives; for now, it's all empty talk. However, this line of thinking is indeed much more reliable than the previous all-or-nothing rhetoric.

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MidnightTrader

· 5h ago

The cake is indeed getting bigger, but who can really make money is still about who is quick on the draw. Solana is fast, but who can match ETH's security and infrastructure? If this wave of RWA really explodes, it still depends on who can hold up. Another wave of "win-win" talk sounds pretty comfortable, but in reality, it's still about competing for users and liquidity. This sounds nice, but what about the counterparty? Someone always has to take the other side. The essence of the public chain wars is a traffic battle. Don't be brainwashed by "the cake is getting bigger"; the bigger picture isn't that simple. Both chains have their value, it all depends on who can grab the most chips in this wave. Asset tokenization sounds tempting, but who is really bearing the risks? What about the regulators? When partners say this, I actually have more confidence in the opportunities of smaller public chains, expecting contrarian gains. Wait, isn't the real growth point right here in these two? By the way, the expectations for this RWA have been a bit overhyped.

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LiquidationOracle

· 5h ago

Well, this logic is a bit too idealistic; in reality, it's still a matter of capital backing.

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GateUser-afe07a92

· 6h ago

Ha, is Solana about to take off again? Every time it's the same story, who would believe the cake is getting bigger? --- The fortress of Eth stablecoins, Solana relies on speed... It's no wonder that both routes can't win together. --- Sounds good, but it's just everyone trying to stay alive and make money. --- Is RWA really coming this time, or is it just another hype for a while? --- Shared prosperity? I just want to know when we'll see real data. --- Wow, now even public chains understand "differentiated competition." --- Solana's low transaction fees are indeed attractive, but who knows if it can retain users. --- If that's the case, why aren't Avax and Polygon mentioned? --- Before the cake gets bigger, we have to survive first.

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WinterWarmthCat

· 6h ago

Both Ethereum and Solana are gaining momentum, and the cake is indeed getting bigger. This wave of RWA is really not about who wins or loses.

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