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Ethereum, Solana Defy L1 Myth — Bitwise CIO Sees Prediction Markets Changing Everything

The idea that Layer 1 blockspace has become a commodity may be premature, according to Bitwise CIO Matt Hougan, who argues that institutional behavior tells a very different story. Hougan pushed back on what he described as an “increasing view in crypto that L1 blockspace is a commodity. Institutional Capital Clusters on Top-Tier Chains as The post Ethereum, Solana Defy L1 Myth — Bitwise CIO Sees Prediction Markets Changing Everything appeared first on BeInCrypto.

  • Read at BeInCrypto
  • Sun, 22 Feb 2026 21:12:24 +0000
Ethereum, Solana Defy L1 Myth — Bitwise CIO Sees Prediction Markets Changing Everything