Aptos is Going to Surpass Solana in Layer-1 Rankings, According to BitMEX CEO
Recently, Arthur Hayes the CEO of BitMEX shared his views on the future of cryptocurrency and talked about some projects that stood out and some trends that are emerging.
He pointed out Dogecoin ETFs and predicted fierce competition between Aptos and Solana.
According to Hayes’ recent interview, within one to three years, Aptos could surpass Solana as the second-largest Layer 1 blockchain. He will disclose further details about this analysis by September 2024.
Like Solana, Aptos is a Layer-1 Proof-of-Stake blockchain which uses Move programming language with the objective of pushing forward Web3 adoption for developing dApps that find solutions to real-life problems.
There were also statements made by Hayes on meme coins who he referred to as “luxury brand” in crypto indicating that this market cycle may end up having a Dogecoin ETF in its last quarter.
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Despite being around for quite long periods like Robinhood availability among others, other meme coins were however viewed by him from the perspective of their everlasting cultural value.
In addressing security concerns, Hayes cautioned against growing threats by hackers in digital currencies markets. A likely attack on one major crypto custodian was identified as a significant vulnerability risk which may result in a loss of $100 billion or even more than $50 billion worth’s assets terminating current market cycle.
The race between Aptos and Solana is going to be an engaging one considering the previous suggestions that Solana could overtake Ethereum.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
