Solana vs. Ethereum: The MakerDAO Saga Takes an Unexpected Twist

The news that MakerDAO intends to explore a new blockchain forked on Solana (SOL) codebase has sparked some negative energy from some Ethereum community members

Debunking the Ethereum and Solana Rivalry

Rune Christensen, MakerDAO’s co-founder and Chief utive Officer (CEO) announced a proposal to build the Decentralized Finance (DeFi) project upcoming “NewChain” off a fork on Solana technology and not the Ethereum Virtual Machine (EVM) marking a deviation from a protocol that currently utilizes an Ethereum-based architecture.

Noteworthy, NewChain is MakerDAO’s native chain which is a constituent of the fifth and final phase of the MakerDAO “Endgame” upgrade. “The last phase of Endgame is the launch of a native blockchain for Maker with the codename NewChain,” Christensen confirmed in an earlier post, adding that Solana’s codebase could be considered for the NewChain. This final stage is likely to take up to three years to complete

The MakerDAO CEO outlined three reasons why Solana is the most promising for the multi-year Maker protocol overhaul. He cited the technical quality and optimization of the Solana codebase, and the resilience of the Solana eco following the “FTX blowup,” as some of the reasons why it is the best choice. Lastly, he quoted past examples of successful forks of Solana, like the Pyth Network to demonstrate the blockchain’s adaptability amongst other features.

Markedly, this will not impact MakerDAO’s governance token Maker (MKR) and Dai. Both tokens will continue to function on Ethereum as before.

Solana (SOL) founder Anatoly Yakovenko applauded the move from MakerDAO as impressive. He mentioned that it is a remarkable win for open source, and therefore advised that their diverse community members should not perceive it as an endorsement of one blockchain over the other. His opinion underscores Christensen’s statement that says all chains are increasingly interconnected and synergize to form a global multichain network economy.

Additionally, it demonstrates a rising interest amongst industry leaders to work together towards technological advancements, rather than pursue rivalry

Crypto Twitter Goes Wild on MakerDAO Saga

Sadly, the same cannot be said for members of Crypto Twitter who have begun to question the decision of MakerDAO. Most of these crypto enthusiasts have twisted the plot to resemble a competition between these stellar blockchains. This does not come off as a surprise as Ethereum and Solana communities have been known to be at each other’s throats in recent times.

Directing his statement at Christensen, one Crypto Twitter user said, “For your information, your user base primarily has more allegiance to Ethereum.” As such, he urged that the MakerDAO CEO “should probably give that more weight” than he is

Yakovenko further tried to uplift the spirit of these disheartened community members. He attested to the fact that Ethereum is awesome, citing that many Solana tech stacks were inspired by Ethereum’s research and development.

Despite this unique attempt to appease members, to some, this is a mere patronage stunt that underscores he is going soft on Ethereum.

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