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Solana vs Ethereum: Decentralization Debate Intensifies as Anza Executive Makes Bold Claims
The ongoing debate surrounding blockchain decentralization has reignited, with Anza’s Lead Economist Max Resnick making bold assertions about Solana’s potential to outpace its competitors, including Ethereum. According to Resnick, many blockchains merely claim decentralization without truly achieving it, while Solana is on a trajectory to redefine the standard within the next two years.
The Ethereum Rivalry and the L2 Challenge
Since its emergence, SOL has frequently been dubbed an “Ethereum Killer,” primarily for its focus on scalability and high throughput at the base layer. While Ethereum has deployed multiple Layer 2 (L2) solutions to address its scalability limitations, tensions between the two communities continue to simmer.
Resnick argued that SOL remains one of the only serious contenders to Ethereum’s dominance in the smart contract arena. He emphasized that Solana offers a rare beacon of hope for those who believe decentralized systems can still outperform centralized alternatives, suggesting that the network is uniquely positioned to lead this charge.
However, Solana’s co-founder Anatoly Yakovenko sought to de-escalate the narrative of a direct rivalry. He clarified that Solana’s real competition lies not with Ethereum itself but with decentralized sequencer Layer 2s, which he sees as a growing alternative to fully decentralized base layers.
Controversy Over Secret Nodes and Centralization
In parallel to this debate, SOL recently found itself at the center of controversy following the discovery of a covert node operator allegedly based in Iran. Resnick contended that addressing and eliminating these unauthorized nodes represents a crucial step towards strengthening Solana’s decentralization and scalability, as such hidden actors pose risks of unintended centralization.
SOL Price Performance: A Volatile Year
Solana’s native token, SOL, has experienced a tumultuous year in 2025. After reaching an all-time high of $295, the token saw a sharp correction, falling over 67% to a low of $95.16. Despite this downturn, SOL managed a partial recovery, trading at $134.67 at the time of writing, following a brief Q2 rally that pushed the price up to $187.73 in May.
As the debate over decentralization continues to evolve, Solana remains at the forefront of the blockchain industry’s most pressing conversations, with its leadership voicing strong confidence in the network’s long-term potential to reshape the future of decentralized finance.
