#稳定币 Seeing this news again about Ethereum and Solana "mutually benefiting each other," I have to pour some cold water. $183.7 billion versus $15.9 billion — the gap in these numbers clearly indicates that the reason Ethereum can support most stablecoins is fundamentally due to its accumulated network effects and trust foundation.

The wave of asset tokenization is indeed blowing, but don’t be fooled by statements like "it's all Facebook." Historically, such claims usually mean that capital wants to distract you. Over the years, I’ve seen too many projects claiming "mutual benefits," only to end up with one becoming the new big player.

Stablecoins are key. They are not investment assets but foundational tools for transaction settlement. The more complete and deep the stablecoin ecosystem on a chain, the more influence that chain has. This is not competition; it’s a war for ecological dominance. Solana is indeed fast in transaction efficiency, but speed doesn’t equal security, and speed doesn’t mean stablecoin users will really switch over.

The real advice is: don’t chase the trend in these big narratives. Clearly understand which chain your stablecoins are on, their liquidity, and the risks involved — this is the first step to protecting your capital. That’s the routine: seemingly positive news often signals it’s time to exit.