Pantera Capital, a crypto venture company, says Ethereum is losing momentum as Solana becomes a mainstream cryptocurrency. “major contender for the future of blockchain development.”
Pantera CapitalThe bankrupt SOL is being eyed by a crypto venture-capital firm that manages billions of assets. FTX Solana is increasingly being highlighted in the exchange. Ethereum Investors.
The firm published a newsletter on June 18. The Menlo Park venture capital firm’s newsletter of June 18 stated that Ethereum is dominating the market. “appears to be yielding to the multi-polar model,” Solana was cited as a product of note that has grown in popularity. “significant share over the past year.”
“The shift is reminiscent of Microsoft’s dominance of the early desktop computer market, until Apple broke through with its vertically integrated approach. Solana is now a major contender for the future of blockchain development.”
Pantera Capital
Parallels between Apple‘s breakthrough in the early days of personal computing, Pantera likened Solana’s integrated approach to Apple’s vertically integrated strategy with macOS, saying the network’s monolithic architecture has a product roadmap “focused on optimizing every component of its own blockchain.”
Solana has been a target of a new venture capital firm. “architectural advantages” The technology can be used to create a variety of user interfaces and use cases. “may be more challenging to implement on modular blockchains like Ethereum and Cosmos,” Citing Solana “fast, low-cost transactions.”
“Solana’s architectural advantages are enabling it to capture an outsized share of the new demand coming into the blockchain space, accelerating its ascent as a rival to Ethereum.”
Pantera Capital
Pantera Capital is reported to have been among Pantera Capital’s bidders at the SOL token auctions held by FTX earlier in this year. buying a significant stake Reports on the tokens Reports indicate Pantera Capital has expressed interest in purchasing SOL auction tokens up to $250,000,000, but the amount purchased was not disclosed.
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Source: crypto.news