Yakovenko: Coinbase’s Base Now Solana’s Top Competitor[embed]https://www.youtube.com/watch?v=uFYltAm5pwI[/embed]

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    <p>Anatoly Yakovenko, co-founder of Solana (SOL), states that the primary competitor for the project is now Coinbase’s Ethereum (ETH) scaling solution.</p>
    <p>During a recent discussion on the Unchained Crypto YouTube channel, Yakovenko <a href="https://www.youtube.com/watch?v=uFYltAm5pwI" rel="noopener" target="_blank">mentions</a> that Coinbase’s Base has emerged as Solana's foremost competitor due to its level of network activity.</p>

    <p><em>“Base is likely the closest rival at this point, especially when considering activity levels. My analysis breaks down to… your essential elements of PMF (product-market fit) include price, features, or content. Ethereum’s disadvantage was its cost, while Solana offered an unbeatable price that Ethereum couldn't match, mainly due to user fees…”</em></p>

    <p><em>“What sets Ethereum apart is the assets created on its platform. I believe that some of that is now transitioning towards Solana. One aspect is that new memecoins are being developed daily… I see Base as the major competitor to the Solana ecosystem.”</em></p>

    <p>He also believes that layer-1 solutions like Sui (SUI) and Aptos (APT) have made significant progress.</p>

    <p><em>“Sui and Aptos are performing quite well. They’ve made strides in features and pricing. The challenge they face is that Solana had such a substantial advantage over Ethereum. The improvement was ten orders of magnitude. Now, the enhancements are only marginal and not enough to become a game-changer. While improving Solana's fees by 100x may attract some niche use cases, they don't align with the major applications that matter, hence they lack a strong differentiation.”</em></p>

    <p>As of the current moment, Solana is priced at $178, reflecting a 4% increase in the past 24 hours.</p>

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