Coin Edition -
- Solana Co-Founder Anatoly Yakovenko said Solana could function as an Ethereum L2.
- Yakovenko said this would be possible once Ethereum’s danksharding was completed.
- Solana has flipped Ethereum in major crypto trading metrics this year.
In a recent tweet on the social media platform X (formerly Twitter), Solana Labs Co-Founder Anatoly Yakovenko said “Solana is Ethereum”, seemingly hinting at the interoperability possibilities between the two chains.
Solana is Ethereum
“Solana is an Ethereum L2 through the wormhole eigenlayer,” Yakovenko tweeted. He continued by saying that Solana could function as an Ethereum Layer-2 blockchain through the Wormhole EigenLayer. Wormhole is an open-source blockchain development platform connecting the decentralized web.
“Once danksharding is scaled up no one is going to stop from submitting all the Solana blocks into some data validating bridge contract on Ethereum.” Danksharding is expected to improve Ethereum’s scalability and performance.
Yakovenko’s statements come in response to a tweet by Offchain Labs Co-Founder Steven Goldfeder highlighting Ethereum’s superiority. In doing that, Goldfeder listed the number of top Layer-2 projects built on Ethereum.
Meanwhile, Solana, dubbed the Ethereum-killer, has risen through the extreme downturns that followed the FTX collapse last year. So far this year, the token has added a staggering 910% increase to its value, data from CoinMarketCap reveals.
The sporadic rise also pushed Solana to become the fourth-ranked cryptocurrency network by market cap. The token is exchanging hands at $114, with an overall market cap of $46 billion.
While Solana’s market cap is still significantly lower than Ethereum’s $269 billion, the Layer-1 network edged the latter in important trading metrics in December. On December 20, Solana surpassed Ethereum in daily stablecoin volume. A day prior, Solana flipped Ethereum in decentralized exchanges (DEX) 24-hour trade volume.
The post “Solana is an Ethereum L2,” Says Solana Co-Founder Anatoly Yakovenko appeared first on Coin Edition.