Crypto Shakeup: Aptos Poised to Dethrone Solana, Says BitMEX Co-Founder

BitMEX Co-Founder Predicts Aptos' Triumph Over Solana as a Prominent Blockchain

Competition Heightens Among Layer 1 Blockchains

The blockchain industry is witnessing an intensification of competition among Layer 1 platforms such as Aptos, Solana, and Sui. This rivalry presents opportunities for investors who can strategically position themselves to maximize their potential returns during the market cycle's "banana zone."

Aptos' Potential to Surpass Solana

BitMEX co-founder Arthur Hayes anticipates a significant shift in the Layer 1 blockchain landscape. He predicts that Aptos (APT) will overtake Solana (SOL) as the second-largest platform in the near future. This bold assertion comes in the wake of Aptos' recent achievement of surpassing Solana in terms of monthly transactions by a remarkable margin.

Transaction Volume Comparison

In May, Aptos' transaction volume surpassed that of Solana, setting a new milestone for the blockchain. Notably, Aptos outpaced Solana by an impressive 57 million transactions.

Timeframe for Aptos' Ascendancy

In a video interview, Hayes estimated a one-to-three-year timeframe for Aptos to overtake Solana. He promised to provide further insights in September but declined to elaborate further.

Forecast for Dogecoin ETF

Hayes also predicts the emergence of a Dogecoin (DOGE) exchange-traded fund (ETF) by the end of the current market cycle. He cites the cryptocurrency's longevity, substantial market capitalization, and accessibility on Robinhood in the United States as supporting factors for its potential success.

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