based lord

The most potent reason why Solana may continue dominating onchain activity is that it’s simply attracting proportionally more investment at the application layer than any other ecosystem. Solana’s integrated stack almost ensures this — no need to endlessly pour capital into new infrastructure when a single stack just works and gets better over time. This allows capital to instead be allocated to applications built on Solana that will drive adoption. The modular stack in contrast tends to crowd out investment in applications in favor of infrastructure — at the very least in the early days (like today) as the modular ecosystem is figuring itself out. Wouldn’t be surprised if Solana is already attracting as much investment in its application ecosystem as Ethereum on an absolute basis despite the latter still attracting significantly more capital as a whole. Expect these funding trends will have noticeable impacts over time.