Co-founder Raj Gokal doesn’t want Solana to be an Ethereum destroyer

The co-founder of Solana Labs considers a war between Ethereum and the so-called “Ethereum destroyers” to be unnecessary, since the real goal of those who work in the crypto space should be to get “everyone” to use Web 3.0.

Raj Gokal – Co-Founder of SOL Labs

While many experts have referred to Solana (SOL) as an “Ethereum destroyer” due to its lower fees and faster transaction times, Raj Gokal, co-founder of Solana Labs said they have no intention of and will not destroy Ethereum.

Gokal made the comments in response to a November 10 Twitter post from venture capital firm Placeholder co-founder Chris Burniske To write the”

“Despite the good words, the L1 knives are still very sharp. In general, everyone wants to win in the crypto market. This will affect most of the information transmitted, so don’t take what you see and hear as facts, “he added.

In response, Gokal stressed that “it doesn’t have to be a war,” as he argued that the goal of everyone working in the crypto space should be to get “everyone” to Web 3.0.

“’Knives out’ implies that we are trying to destroy Ethereum. Ethereum cannot be dead, that is not possible. And it has become a shining example around the world, empowering millions of people and making billions of people rich. ”

According to CoinGecko, SOL is currently the fifth-placed crypto asset by market capitalization with 71.7 billion US dollars and is sixth with 67.4 billion US dollars, ahead of the “ETH destroyer” Cardano (ADA). In second place is Ether with a market capitalization of around $ 564.7 billion.

However, Solana has had many commendable achievements lately. It was up 11,742% last year, trading at $ 229.1 at press time, while Ether was up 931% to around $ 4,800 over the same period.

SOL .Price table | Source: Tradingview

The expansion of Solana

Earlier this week, the Solana Foundation organization Conference “Solana Breakpoint 2021” in Lisbon, Portugal, with guests such as Gokal, CEO and co-founder of Solana Labs Anatoly Yakovenko, FTX CEO Sam Bankman-Fried, Reddit co-founder Alexis Ohanian and Jeremy Allaire’s CEO Jeremy Allaire Circle.

On the first day of the event, Gokal stated that the Solana ecosystem is “exploding” in all industries and “use cases” in 2021. He highlighted that the data shows that 2.2 million NFTs were minted on the Solana blockchain within three months, with the total value (TVL) in the Solana-based DeFi at that point being $ 14.47 billion belief.

Solana ecosystem from October

In one post titled “The Rise of SOL” by Messari researcher Dustin Teander noted that SOL  had received a lot of attention from investors in the last quarter and pointed to a long list of catalysts showing promising growth for the project.

“Pricing has seen a huge surge in various sectors – a $ 100 million gaming fund announced, Brave announces integration on the Web3 front, a $ 100 million Reddit investment in social media, Neon Labs raises 40 million US dollars for the provision of the EVM infrastructure, Pplpleasr starts NFT on Solana, FTX builds the NFT integration. ”

“And of course SOL’s DeFi ecosystem has quadrupled since September,” added Dustin Teander.

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