The post Arthur Hayes Makes Concerning Prediction For Monad appeared on BitcoinEthereumNews.com. BitMEX co-founder Arthur Hayes expects most layer-1 blockchain networks to fade, arguing that only Ethereum and Solana have the institutional use cases needed to survive long term. In a November 28 appearance on the Altcoin Daily podcast, Hayes said the growing list of alternative base-layer blockchains has not changed his view. He still expects the market to consolidate around a small group of dominant networks. Sponsored Sponsored Why Hayes Thinks Ethereum and Solana Will Endure Hayes argued that Ethereum’s role in institutional adoption is central to its durability. According to him, Ethereum will be used by these investors to achieve their Web3 goals, while he expects a “basket of main public L1s” to remain relevant in the years ahead. “Ethereum, this whole ecosystem, is going to be used by TradFi to achieve whatever they want to do within Web3…Ethereum is obviously winning and going to keep winning,” he said. He pointed to Solana as the only other chain with similar staying power. Hayes cited the network’s recent rebound, though he said its next growth driver is unclear. According to him, the meme coin frenzy on Solana has petered out, and the network would need to find “new tricks” to boost its growth. “Solana needs a new trick. I don’t know what that new trick is, but again, it’s the number two largest L1. I think they’ll find something,” Hayes noted. Despite that optimism, Hayes said Solana is unlikely to outperform Ethereum over time. He added that “pretty much every other L1 besides Ethereum or Solana is a zero.” Sponsored Sponsored Ethereum and Solana remain the two largest layer-1 networks by market capitalization and have attracted institutional attention from firms such as Franklin Templeton. Bearish View on Monad Meanwhile, Hayes was far more skeptical about Monad, which launched its MON token… The post Arthur Hayes Makes Concerning Prediction For Monad appeared on BitcoinEthereumNews.com. BitMEX co-founder Arthur Hayes expects most layer-1 blockchain networks to fade, arguing that only Ethereum and Solana have the institutional use cases needed to survive long term. In a November 28 appearance on the Altcoin Daily podcast, Hayes said the growing list of alternative base-layer blockchains has not changed his view. He still expects the market to consolidate around a small group of dominant networks. Sponsored Sponsored Why Hayes Thinks Ethereum and Solana Will Endure Hayes argued that Ethereum’s role in institutional adoption is central to its durability. According to him, Ethereum will be used by these investors to achieve their Web3 goals, while he expects a “basket of main public L1s” to remain relevant in the years ahead. “Ethereum, this whole ecosystem, is going to be used by TradFi to achieve whatever they want to do within Web3…Ethereum is obviously winning and going to keep winning,” he said. He pointed to Solana as the only other chain with similar staying power. Hayes cited the network’s recent rebound, though he said its next growth driver is unclear. According to him, the meme coin frenzy on Solana has petered out, and the network would need to find “new tricks” to boost its growth. “Solana needs a new trick. I don’t know what that new trick is, but again, it’s the number two largest L1. I think they’ll find something,” Hayes noted. Despite that optimism, Hayes said Solana is unlikely to outperform Ethereum over time. He added that “pretty much every other L1 besides Ethereum or Solana is a zero.” Sponsored Sponsored Ethereum and Solana remain the two largest layer-1 networks by market capitalization and have attracted institutional attention from firms such as Franklin Templeton. Bearish View on Monad Meanwhile, Hayes was far more skeptical about Monad, which launched its MON token…