Wintermute CEO: The public chain rivalry is a false proposition; crypto is losing its way

SmartContractAuditor · 2026-02-05T11:41:24+00:00

Wintermute CEO Evgeny Gaevoy believes that the competition among public chains, including SOL and ETH, is meaningless because no significant on-chain events have occurred. Stablecoins remain centralized intermediaries, existing blockchains are difficult to scale, and institutional-led initiatives dominate with idealism. Despite the collapse of token design, Gaevoy remains optimistic about the industry, believing that the market will purge speculators.

SmartContractAuditor

2026-02-05 11:41:24

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Odaily Planet Daily News reports that Wintermute CEO Evgeny Gaevoy stated on the X platform that the争夺 between public chains like SOL and ETH is meaningless, as there is currently nothing truly significant happening on any chain, and no one is winning. Stablecoins remain essentially centralized intermediaries; existing blockchains, especially perpetual contract exchanges, cannot scale to CME levels due to risk engine bottlenecks; cryptocurrencies like Bitcoin have lost their way in “price appreciation,” with institutions leading to replace idealism, only Vitalik still holding onto his original intentions; additionally, token designs (buybacks, lock-ups, airdrops) have completely collapsed. However, he remains optimistic about the industry, believing that the market is moving away from the狂热 of “Trump pump,” will cleanse speculative tourists, and leave behind true believers.

SOL-1,32%

ETH-0,48%

BTC-0,62%

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