[Multicoin Co-Founder: Solana's Market Cap Will Surpass Ethereum in This Cycle] BlockBeats News, September 21, Multicoin Capital co-founder Kyle Samani stated that driven by factors such as greater ease of use and functionality, more crypto companies will choose to build on Solana rather than Ethereum in the future. Solana's market cap will surpass Ethereum's "in this market cycle," and he believes Ethereum's advantage as the default smart contract network for crypto companies may gradually weaken. Samani remarked, "Nowadays, almost no one truly uses Ethereum," adding that Ethereum's lead is mainly sustained by stablecoins and the use of ETH as collateral for borrowing stablecoins. Samani expressed a pessimistic view on Ethereum's ability to capture value. He stated, "This is a $300 billion to $400 billion asset, but its ability to capture value is questionable, perhaps even nonexistent, and it has absolutely no growth." Samani further noted that he does not understand why investors are willing to hold ETH at its current valuation, suggesting there are many "more reasonably priced" investment opportunities in the market. He believes more crypto companies will shift to Solana, describing Solana as "the most functionally complete network," capable of helping businesses looking to integrate operations reduce operational complexity. Although SOL's current market cap is less than one-fifth of ETH's, its weekly and monthly network fees have already surpassed Ethereum's. [Original Link]