Solana Co-Founder Clarifies Rivalry Not With Ethereum But Decentralized Sequencer L2s

Coin WorldMonday, Jun 23, 2025 6:59 am ET
1min read

Solana co-founder Anatoly Yakovenko has clarified that the rivalry is not with Ethereum but with decentralized sequencer Layer 2s (L2s). This clarification comes amidst an ongoing debate about the decentralization capacities of top blockchain networks, with Solana often being labeled an “Ethereum Killer” due to its focus on providing a highly scalable base layer.

Anza’s Lead Economist, Max Resnick, has asserted that Solana’s decentralization is incomparable to other blockchains, including Ethereum. Resnick claimed that many other blockchains only claim to be decentralized and that none can achieve what Solana will be able to in the next two years. He also stated that Solana is one of the last places in crypto where there is still hope that decentralized systems can outperform centralized ones.

Yakovenko’s clarification comes as Solana continues to compete with Ethereum and its L2 protocols. Despite the rivalry, Yakovenko emphasized that Solana is not at war with Ethereum but is fighting against decentralized sequencer L2s. This clarification is significant as it highlights Solana’s focus on decentralization and its commitment to providing a highly scalable base layer.

Solana’s native cryptocurrency,

, has experienced mixed fortunes in 2025. After an impressive performance in the previous year, SOL declined over 67% from a $295 all-time high to a $95.16 yearly low. However, the cryptocurrency traded for $134.67 at the time of writing after pulling back from a Q2 rebound that saw it surge to $187.73 in May.

Solana’s decentralization and demand are key factors in its spot ETF approval. The network’s focus on decentralization and its commitment to providing a highly scalable base layer have made it a popular choice among investors. The elimination of secret nodes in Iran is also seen as a boost to the Solana network, as it would go a long way in de-escalating the illegal centralization elements, leading to improved network scalability.

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