Solana Co-Founder Anatoly Yakovenko Clarifies Rivalry Is with L2s, Not Ethereum

The debate between top blockchains Solana and Ethereum over their decentralization capacities intensified with Anza’s Lead Economist, Max Resnick, claiming that Solana’s decentralization is incomparable to other blockchains, including Ethereum.

Resnick asserted that many other blockchains only claim to be decentralized and that none can achieve what Solana will be able to in the next two years.

Since its inception, Solana has often been labeled an “Ethereum Killer” due to its focus on providing a highly scalable base layer. The rivalry continued between the Solana and Ethereum communities, even with Ethereum deploying several L2 protocols to address its scalability issues.

Resnick said Solana is the only network competing with Ethereum in this regard and promised users that the blockchain will achieve the superiority it is fighting for. According to the Anza executive, Solana is one of the last places in crypto where there is still hope that decentralized systems can outperform centralized ones.

Meanwhile, Solana co-founder Anatoly Yakovenko that the network is not at war with Ethereum but is fighting against decentralized sequencer L2s.

In the meantime, Solana is currently in the spotlight for diverse reasons, one of them being the acclaimed bombardment of a secret node operator in Iran. Resnick considers eliminating the secret nodes a boost to the Solana network, as it would go a long way in de-escalating the illegal centralization elements, leading to improved network scalability.

It is worth noting that Solana’s native cryptocurrency, SOL, has experienced mixed fortunes since the beginning of 2025 after an impressive performance in the previous year. SOL declined over 67% from a $295 all-time high to a $95.16 yearly low. However, the cryptocurrency traded for $134.67 at the time of writing after pulling back from a Q2 rebound that saw it surge to $187.73 in May.