A new thesis suggests Ethereum could become a strategic reserve asset like oil. The theory is based on ETH becoming the settlement layer for a multi-trillion-dollar tokenized economy. This has sparked debate, with Solana’s co-founder positioning SOL as a key competitor. Solana Labs co-founder Anatoly Yakovenko triggered a debate after referring to Solana as digital gold, ahead of Ethereum, which most of his opponents preferred for that description. Yakovenko sought to replace Ethereum with Solana in an elaborate analysis posted by an Ethereum supporter who projected the possible outcome of events in the digital space that could lead to massive Ethereum adoption. Data is the new oil, and solana is digital data. https://t.co/PobgjI91gr — toly (@aeyakovenko) June 18, 2025 The Multi-Trillion Dollar Thesis The ETH analyst cited the accelerating trend in digital asset tokenization, which led Citibank to predict that stablecoin supply could hit $3.7 trillion by 2030. That scenario could trigger a chain reaction since tokenized stocks, bonds, and real-world assets could surge between $9 trillion and $19 trillion in total supply. Related: Will Tokeni… The post As Analysts Tout an ‘ETH as New Oil’ Thesis, Solana’s Co-Founder Disagrees appeared first on Coin Edition .
