BitMEX founder Arthur Hayes made a bold prediction regarding the future outlook of Layer 1 (L1) blockchains.
BitMEX Founder Arthur Hayes Predicts Aptos Will Overtake Solana in L1 Competition
In the video interview, Hayes predicted that Aptos will surpass Solana to become the second largest L1 blockchain in the next one to three years. Hayes plans to reveal more details about his prediction in September of this year.
During the call, Hayes stated that he believes Aptos has the potential to overthrow Solana and thus become a dominant player in the L1 space.
This insight underscores the competitive dynamics in the blockchain industry, where various platforms are vying for supremacy based on scalability, transaction speed, and developer adoption.
Hayes also highlighted a significant risk he sees looming over the cryptocurrency market in the next two to three years.
He warned that a major crypto custodian could be hacked, resulting in a loss of $50 billion to $100 billion in cryptocurrencies.
According to Hayes, such a disaster would spell the end of the current market cycle and potentially have serious repercussions across the industry.
*This is not investment advice.