Dragonfly Partner: Solana and Ethereum Will Jointly Benefit from the Asset Tokenization Wave

2025-12-272025-12-25 by admin

BlockBeats News, December 25th, Dragonfly general partner Rob Hadick stated in an interview with CNBC’s ‘Squawk Box’ that as the trend of asset tokenization accelerates and on-chain economic activity continues to expand, both Solana and Ethereum will benefit from this wave, rather than engaging in a zero-sum game where one gains at the expense of the other, ‘both of them are Facebook.’

He mentioned that Ethereum currently hosts the majority of stablecoins and core economic activities, while Solana has advantages in high-frequency trading and transaction flow efficiency. RWA XYZ data shows that there is still a significant gap in network asset scale between the two: Ethereum (including stablecoins) is approximately $183.7 billion, and Solana is about $15.9 billion. (Cointelegraph)

BlockBeats News, December 29 – According to a report by Cointelegraph, a proposal in California to impose a 5% tax on billionaires' wealth has faced strong opposition from cryptocurrency executives. They argue that it would trigger an exodus of entrepreneurs, capital flight, and ultimately be wasted regardless.The proposal, named the '2026 Billionaire Tax Act,' aims to introduce a ballot measure that would levy a 5% tax on individuals or entities with a net worth exceeding $1 billion to fund healthcare systems and state assistance programs. According to SEIU United Healthcare Workers West, because this proposed wealth tax partially targets unrealized gains, some billionaires may need to sell stocks or parts of their businesses to raise funds for tax payments. The tax can be paid in a lump sum or spread over five years with interest.Industry veterans in the cryptocurrency sector, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, believe that this measure would only lead to billionaires leaving the state, resulting in negative consequences.