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This Week on Crypto Twitter: Ethereum vs. Solana Rivalry Heats Up

December 31, 2023
in Web3
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Illustration by Mitchell Preffer for Decrypt

After weeks of jubilance over the Solana ecosystem’s resounding comeback—one which boosted SOL, Solana NFTs, Solana meme cash, and even the lackluster Solana smartphone—the momentum started to chill this week, triggering intensified exchanges between advocates of the blockchain and people of its dominant rival, Ethereum. 

On Thursday, Ethereum co-founder Vitalik Buterin bemoaned the dying Web3 imaginative and prescient that initially spurred a lot crypto improvement, blaming stalled progress on the exorbitant price of gasoline charges. 

https://twitter.com/VitalikButerin/standing/1740515567621345689 

Solana co-founder Anatoly Yakovenko was fast so as to add his voice to the discourse, dismissing Ethereum as a “cockroach settlement layer.”

https://twitter.com/3orovik/standing/1740809173921591525 

The strain was seemingly heightened by the declining fortunes of key Solana winners of latest weeks, most notably the once-unstoppable dog-themed meme coin BONK. 

https://twitter.com/CryptoGodJohn/standing/1740482766075310106 

And simply in time, native tokens of Ethereum layer-2 networks corresponding to Optimism and Arbitrum shot up over 30% and 16%, respectively—seemingly on account of these blockchain’s decrease gasoline charges.

https://twitter.com/ASAgemsALGO/standing/1738344863429480591

Quickly, animosity between ascendant Ethereum maximalists and defensive Solana advocates got here to outline nearly each nook of Twitter discourse. 

https://twitter.com/SwopLabs/standing/1740387311593103604 

Even seemingly unrelated information occasions received sucked into the fray. When information broke earlier within the week that Donald Trump had began offloading hundreds of thousands of {dollars} price of ETH from his struggling NFT tasks, Twitter customers have been fast to view the information as some kind of referendum on the unending Ethereum/Solana fracas. 

https://twitter.com/Priestmaux/standing/1740468091044196680 

Edited by Ryan Ozawa.

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Tags: cryptoEthereumHeatsRivalrySolanaTwitterWeek
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