SOL goes on a god rally soon imo.

While ETHs outperformance since May was due to institutional flows, home to 90%+ of stablecoins (circle IPO), robhinhood building, everyone writing it off as a trade etc. We’re starting to see the narrative become more matured as positioning becomes heavier.

This doesn’t mean ETH won’t perform (I’m confident it will). I’m just saying SOL will be the fastest horse by a larger margin.

SOL’s positioning feels much lighter even as it approaches ATHs, with its backdrop being much stronger. We’re seeing real institutional adoption, such as Forward Industries raising $1.65 B, putting some of the biggest brains in our industry like Kyle Samani in charge, who I’d much rather back over Tom Lee.

Along with this it’s becoming a primary settlement layer where even Visa is using it for their upcoming stablecoin pilot. It’s clear the Solana foundation is going heavy after onchain stocks as well which will be one of the largest liquidity drivers for our eco.

ETH ran because of flows and positioning; people forget SOL’s rise was due to being a better product and new gen builders flocking to it. Yes trading on it has been hell for the last 9 months due to the jeetery of every new coin and narrative.

Nothing fundamentally has changed. It’s still the only chain where new builders are actively onboarding and experimenting with novel ideas, which will eventually fuel a larger narrative once goldilocks conditions are met. Solana’s edge is in user experience and reduced friction. That’s why we’ve seen the whole Internet Capital Markets narrative and onchain stocks find a home.

Solana basically achieved an onchain Nasdaq level of performance in speed, enabling a global decentralized capital market anyone online can tap into. Users aren’t concerned with the consensus mechanism of their perps or stablecoins, they just want it to work fast and cheap. I expect stablecoin adoption on Sol to keep growing as the settlement layer and payments use cases ramp up (the team is pushing hard here).

Every other chain and ecosystem has horrible UX by comparison. You can buy users short term with influence and incentives, but you can’t buy culture. Solana has culture.