Core Insights - The competition among crypto platforms is evolving, with different networks establishing dominance in specialized areas rather than one blockchain prevailing overall [1][2] - Investors are encouraged to consider a diversified approach to blockchain exposure, as multiple platforms can coexist and thrive in distinct use cases [2] Ethereum's Institutional Role - Ethereum is solidifying its position as the infrastructure for institutional finance, evidenced by BlackRock's tokenized fund exceeding $550 million and J.P. Morgan's pilot of tokenized deposits on Ethereum's Layer-2 network [3] - The network has processed approximately $40 billion in lending activity through AAVE, ranking it among the top 50 U.S. banks by this metric [4] - Ethereum's Layer-2 throughput has significantly increased from 200 transactions per second a year ago to nearly 4,800 today, showcasing its scalability [4] Solana's Consumer Market - Solana has emerged as a leader in the retail and high-frequency application market, with stablecoin supply increasing from $1.8 billion to $12 billion in 2025, marking a 567% growth [5] - PayPal's PYUSD stablecoin now primarily operates on Solana, highlighting the network's advantages in speed and efficiency for consumer applications [6] Investment Strategy and Fund Structure - CoinShares' Altcoins ETF (DIME) reflects the strategy of diversifying across various Layer-1 blockchains, including Solana, Sui, Aptos, and Avalanche, to capture growth across different verticals [2][7][8] - DIME's portfolio allocates approximately 8.8% of its assets to Solana, emphasizing the importance of basket exposure rather than concentrated investments [7]