Arthur Hayes Dismisses Monad, Backs Ethereum and Solana Dominance
BeInCrypto
Arthur Hayes predicts only Ethereum and Solana will survive among L1s, dismissing Monad as another failing project.Summary
BitMEX co-founder Arthur Hayes stated that most layer-1 blockchain networks will fail, asserting that only Ethereum and Solana possess the necessary institutional use cases for long-term survival. He believes Ethereum is winning the institutional adoption race for Web3 goals, while Solana is the only other L1 with comparable staying power, despite needing new growth drivers beyond meme coins. Hayes was highly skeptical of the recently launched Monad, calling it "another bear chain" and predicting its token would drop 99%, dismissing it as another high-FTV, low-float VC project lacking real use cases. His broader market thesis favors Bitcoin, Ethereum, and Solana, potentially rounded out by ZCash and Ethena.
(Source：BeInCrypto)