Dragonfly Capital investor Rob Hadick recently shared an interesting analogy. He believes that Ethereum and Solana are less of a competitive relationship and more like two independent Facebooks.

What is the logic behind this view? As the wave of asset tokenization surges, on-chain economic activities are accelerating. It is becoming increasingly difficult for a single blockchain to support and sustain a complete ecosystem. In other words, we may be entering an era of multi-chain parallel operation.

Each mainstream public chain is building its own ecological closed loop — each has its own DeFi protocols, NFT marketplaces, and application ecosystems. Just like different social networks each host different users and content. Ethereum maintains its lead with first-mover advantage and ecosystem depth, while Solana has carved out its own space with high speed and low costs.