Fidelity on ETH and SOL Network Effects (Patreon)
Published:
2023-10-13 00:08:17
Imported:
2023-10
Content
The total assets held by Fidelity now rests at 9.9 trillion U.S dollars.
This is their take on ETH and SOL - and it is quite amazing that ETH and SOL is on their radar. - traditionally BTC only shop.
- Fidelity names Ethereum (ETH) and Solana (SOL) as examples of blockchains with successful network effects and developer bases.
- For a crypto project to be successful, it needs to attract talented developers and maintain its core user base; Ethereum and Solana are highlighted as excelling in these areas.
- Ethereum and Solana have demonstrated the potential of protocols that can attract many developers, build a usable platform, and secure a loyal user base.
- Investors in non-Bitcoin (BTC) digital assets often diversify by taking small positions in multiple altcoins to navigate the complex crypto landscape.
h/t to Sanjay for sharing.