Anatoly Yakovenko Says Coinbase-Backed Layer-2 Base Is Solana’s Biggest Competitor – Here’s Why
Solana (SOL) co-founder Anatoly Yakovenko says that the project’s biggest competitor is now Coinbase’s Ethereum (ETH) scaling solution. In a new interview on the Unchained Crypto YouTube channel, Yakovenko says Coinbase’s Base has become Solana’s biggest rival due to the amount of network activity. “Base is probably the closest competitor now, I would say, when looking at activity. How I break this problem down is … your killer components of PMF (product-market fit) is price, Features or content. Ethereum’s weakness was price, and Solana had a killer price that just Ethereum could never get to, just fees to users… What is unique about Ethereum is the assets issued there. And I think now that’s shifting over somewhat to Solana. One, memecoins are new content being created every day… Base, I think, is the biggest competitor that I think of to the Solana ecosystem.” He also says that layer-1s Sui (SUI) and Aptos (APT)...