Why do ETH Maxi and SOL Maxi always oppose each other?

I found an interesting phenomenon while browsing the English blogger circle: $ETH Maxi and $SOL Maxi are always at odds with each other. The ETH side mocks the SOL side for its low stablecoin adoption rate, while the SOL side ridicules Tom Lee for his low awareness and only being able to Shill. It's so interesting.

But I actually have a viewpoint: The competitive relationship between ETH and SOL has long ended with the collapse of the "Ethereum Killer" narrative. Why?

1. Ethereum's ability to maintain its position as the dominant player in the stablecoin market is the result of multiple factors, including its comprehensive DeFi ecosystem and decentralized security technology foundation. It is also a leading advantage accumulated over the years by mainstream stablecoins like USDC and USDT as they expanded in the market, making this path dependence difficult to change in the short term.

But this does not mean that @solana will completely lose opportunities in the stablecoin space. With the arrival of stablecoin Summer, the issuance of stablecoins will tend towards a multi-chain environment, and a large number of new stablecoins like USDe, USD1, PYUDS, USDG, etc. will emerge, establishing their own main camps during the expansion of DeFi economic activities.

Solana, relying on its first-mover advantage accumulated in new narrative scenarios such as PayFi, AI Agent, and HFT high-frequency trading, is not weak in the subsequent breakthrough of stablecoin incremental growth. Therefore, determining who is strong or weak solely based on stablecoin market share is not Solid.

2. Previously, new layer 1s like Solana, Avalanche, and BNBChain focused on the narrative of being Ethereum Killers, competing with Ethereum through high performance and TPS arms races. However, it is now clear to everyone that the TPS show without an effective ecosystem to support it cannot stand, and thus the narrative framework of high TPS has become desensitized.

The new narrative logic is about who can drive the large-scale adoption of Wall Street structures. Ethereum, with its advantages in decentralization and security architecture, will be the preferred choice for institutional asset allocation, but Solana is taking a different path. It first attracts incremental users from Generation Z through the MEME culture, and then, by optimizing performance with upgrades like Alpenglow consensus and Firedancer client upgrades, it can boost transaction speeds to within 150ms.

In this way, similar financial business innovations like @HyperliquidX may emerge in the Solana ecosystem to bridge the gap between DeFi ecology and Ethereum. This targeted service for Wall Street financial product demands will clearly become an advantage for Solana to overtake, much faster than Ethereum's implementation of L1 performance enhancement strategies.

3. It is evident that the competitive dimensions of Ethereum and Solana have completely diverged. Ethereum will continue to consolidate its position by locking in its global financial settlement layer advantages, while Solana will anchor its vision of an on-chain Nasdaq, continuously expanding the integration scenarios of TradFi through performance advantages and blue-blooded genes.

To some extent, ETH Maxis will still see the geekism of decentralization and security shine brightly, while SOL Maxis will become the new pathfinder in the Internet Capital Market (ICM).

Therefore, ETH Maxi and SOL Maxi do not need to be in opposition at all; instead, they exist in a complementary relationship, much like Android and iOS. The former is open and inclusive with deep roots, while the latter is closed and efficient with an improved experience.

The market will ultimately prove that the coexistence and progress of SOL and ETH are merely expanding the boundaries of Crypto. No matter which side you stand on, the outcome will not be bad. So I am a Crypto Maxi!