"Bitcoin.....we don't really know what it is, but Ethereum actually does have a practical use"
After all these years they're finally learning. Thank you @fundstrat and @ethereumJoseph for helping educate.
Solana never achieved 100k TPS.
- It was only ~107,000 TPS in one block
- 99.5% were dummy “no-op” transactions that do nothing
- Less than 200 were real transfers
Imagine being so desperate for attention that you need to lie and mislead people.
As we scale on L1 and L2, there's a couple things to keep in mind about how it affects ETH, tokenomics, and how it's viewed by the world:
1. As L1 gas limits and blobs increase, the deflationary threshold decreases proportionally. For example, right now the L1 gas limit is at
Ethereum holds 93% ($2.6b) of all funds deployed by BlackRock and Solana only has a few millions.
In fact, Solana has the least BUIDL value of all chains it's on.