Multicoin Co-founder: Will continue to bet on the Solana ecosystem in 2025, and Ethereum may be in long-term decline

On December 31, according to The Block, Multicoin Capital stated that it is actively expanding its investments in Decentralized Finance applications, especially within the Solana ecosystem. The ecosystem has outperformed Ethereum and Layer 2 ecosystems this year in key on-chain metrics. Kyle Samani, co-founder and managing partner of Multicoin Capital, said: 'We expect this trend to continue as more users, capital, issuances, and activities migrate to the Solana ecosystem. Applications and protocols based on Solana are poised to be the big winners of the next cycle.' Samani mentioned that Ethereum will continue to struggle and 'may even fall into long-term decline' as it faces fierce competition from Solana and other faster, cheaper blockchains. He added: 'Unless Ethereum can compete, developers, users, and capital will move to other on-chain solutions that better meet their needs.' In addition, Multicoin is optimistic about Stablecoin, which Samani described as 'possibly one of the greatest technological and financial innovations in our lifetime.' 'Stablecoin has the potential to become a powerful force in 2025,' Samani said. 'Everyone in the world wants dollars, and Stablecoin is the most effective way to obtain them so far. The design space is vast, and we are still relatively early in the adoption curve.'