Altcoins News
By Sakamoto Nashi
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Samani's Long Road From Ethereum to Solana. He wasn't always a Solana bull. Samani got into Ethereum in 2016, drawn in by permissionless…
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Why Samani Calls Solana "The Most Functional Network". His case for Solana isn't complicated. He calls it "the most functional network" — his words — and…
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Kyle Samani thinks Solana is going to beat Ethereum. Not eventually, not in some distant theoretical future — during the current market cycle.
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The math is brutal. Solana sits at roughly $58 billion in market cap. Ethereum is at $293 billion. That's a five-times gap Samani believes Solana can close.
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Solana climbed 34% over the past month. Ethereum rose 30% over the same stretch. But both have been down over the past year, so the recent upturn is coming off a rough base.
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He wasn't always a Solana bull. Samani got into Ethereum in 2016, drawn in by permissionless finance and smart contracts. It was genuinely exciting stuff at the time.
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Multicoin Capital moved early. The firm led some of Solana's initial funding rounds in 2018, back when almost nobody was paying attention.
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Before crypto, Samani co-founded Pristine, a healthcare IT company. Different world. He made the leap into crypto full-time and built Multicoin into one of the more recognizable…
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See also: ZetaChain Shuts Down Cosmos Layer 1, Moves ZETA to Solana After Holder Approval
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In September, Samani joined the board of directors at Backpack, a crypto trading platform. It's a clear sign he's not done.
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His case for Solana isn't complicated. He calls it "the most functional network" — his words — and says it simplifies operations for companies building in crypto. That's the pitch.
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Samani is openly bearish on Ethereum's valuation. He thinks the market is overpricing it and that better opportunities exist elsewhere. He's not subtle about it.
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The fee comparison keeps coming up because it matters. Fees are a proxy for usage. When Solana is generating more fee revenue than Ethereum despite having a fraction of the…
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See also: ZetaChain Abandons Layer 1, Moves ZETA to Solana and Shifts Focus to Private AI
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And the broader trend in crypto has been shifting for a while. Developers want networks that work cleanly at scale. Solana's architecture was built for throughput from the start.
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