Do Solana and Ethereum really have to compete head-to-head? Not necessarily. According to Rob Hadick, General Partner at Dragonfly Capital, these two public chains can coexist in the tokenization market without squeezing each other out. His analogy is very vivid — just like in the social media arena, where Instagram, TikTok, and X each have their own space, finding their audiences and application scenarios. The same logic applies on the blockchain: Solana excels in speed and low cost, while Ethereum secures its position with ecosystem depth and security. The tokenization cake is big enough for both to share a piece. The future of the market might look like this — specialization and division of labor, rather than zero-sum competition.