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Arthur Hayes Says This Solana Rival Could Become Preferred Chain for ICO Launches

December 5, 2024
in Altcoin
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Crypto veteran Arthur Hayes thinks the affordability of 1 Solana (SOL) rival might assist it emerge as the popular selection for future preliminary coin choices (ICOs).

In a brand new evaluation, the BitMEX co-founder highlights the low per-transaction value of the layer-1 blockchain Aptos (APT).

“In 2017, it was not unusual for a scorching ICO to render the Ethereum community inoperable. Gasoline charges would spike, and nobody might use the community affordably. In 2025, the price of block house on Ethereum, Solana, Aptos and different layer-1’s might be extraordinarily low cost. The present order throughput is orders of magnitude larger than in 2017. If a crew can garner a broad base of help from avid degen speculators, their potential to lift funds won’t be hampered by a sluggish and costly blockchain.

Given the insanely low per-transaction value of utilizing Aptos, there is a chance for them to change into the popular chain [for] ICO launches.

Common transaction payment in $:

Aptos: $0.0016
Solana: $0.05
Ethereum: $5.22″

In June, Hayes predicted Aptos would overtake Solana in some unspecified time in the future on this market cycle.

Aptos’ native token, APT, is buying and selling at $13.25 at time of writing. The Thirtieth-ranked crypto asset by market cap is down greater than 8% up to now 24 hours.

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Tags: ArthurChainHayesICOLaunchesPreferredRivalSolana
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