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Berbo's avatar

"Ethereum won't survive as the primary stablecoin network long-term" - may I ask you to elaborate? Thanks!

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Singularity Research's avatar

There is a gas fee associated with Ethereum, ranging from 0.3-4% per transaction. Consumers prefer not to pay the gas fees coz every major stablecoin is available on multiple networks, including some that have no transaction fee like solana.

The share of Ethereum in stablecoin has gone from 80% in 2019 to under 50% currently.

My hypothesis would be either TRON, SOLANA or BASE. If i had to chose one, it would be TRON coz its owned by tether who run 65% of all stablecoin transactions. But future is always changing.

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Singularity Rᴇᴀsᴇᴀʀᴄʜ's avatar

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Doug Henningsen's avatar

And more importantly, which does? Solana?

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Singularity Research's avatar

My hypothesis would be either TRON, SOLANA or BASE. If i had to chose one, it would be TRON coz its owned by tether who run 65% of all stablecoin transactions. But future is always changing - even Base could come out strong.

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Singularity Rᴇᴀsᴇᴀʀᴄʜ's avatar

⛯ Growth Mindset Hub for Impact. Vision.Action࿇1.585623O133.

Join via wats-app ✦A Strategic Growth Movement ✦| Built for individuals with

Transformative potentials

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