Kevin O'Leary Questions Ethereum's Status as Industry Standard, Names Solana and Avalanche as Alternatives
- —O'Leary admitted he was wrong about Ethereum becoming the standard blockchain
- —Ethereum controls 54% of the DeFi market since its 2015 launch
- —He named SOL and AVAX, along with BNB, ADA and DOT, as alternatives
- —He doubts Ethereum will be fast enough to meet future demand
Why it matters: A prominent investor's remarks reinforce the L1 competition narrative and could boost interest in SOL and AVAX.
Source: ZyCrypto