Cathie Wood: "Solana is More User-Friendly than Ethereum... Developers are Flocking"
Doohyun Hwang
Summary
- Cathie Wood, CEO of Ark Invest, stated that Solana is more user-friendly than Ethereum, attracting many users.
- Wood reported that Solana has recovered after the FTX incident and the number of developers has surpassed Ethereum.
- Meanwhile, Solana is trading at $175, down 4.6% from the previous day in the Binance Tether market.
Cathie Wood, CEO of Ark Invest, stated that Solana (SOL) is a more user-friendly platform than Ethereum (ETH).
On the 23rd (local time), CEO Wood attended Solana Accelerate and stated, "While Ethereum is institutionally focused, Solana is attracting many users with much lower fees and fast updates."
She added, "Many thought Solana would struggle to recover after the FTX incident. However, Solana has ultimately revived and is growing beyond that." She continued, "I always say, 'Follow the developers.' As of last July, the number of developers active in the Solana ecosystem surpassed Ethereum."
Meanwhile, Solana is trading at $175, down 4.6% from the previous day, according to the Binance Tether (USDT) market.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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