Matthew Sigel, head of digital asset research at VanEck, said Bitcoin $58,156 and predicts that one or two layer-1 blockchains will overtake the market in the long term. According to Sigel, the economic value of the digital asset industry will largely be concentrated in just a few layer-1 networks.
The Future of Layer-1 Blockchains
Sigel states that after this development, investors will turn to decentralized applications (DApps) and decentralized physical infrastructure networks (DePIN) technologies. Sigel states that the economic value of most of these networks will be obtained by Bitcoin and some layer-1s.
Solana and Other Projects
One of the layer-1 blockchains that VanEck is considering is Solana. Sigel states that they are giving more weight to Solana than their competitors. VanEck emphasizes that they are at an early stage in this field by investing in DePIN projects developed on Solana.
Approach to Layer-2 Solutions
Sigel, VanEck’s Ethereum 
$2,360 The company says it is investing less in layer-2 scaling solutions based on the company. The company sees Solana as a higher potential and is increasing its investments in this area.
Solana’s current market value is $135.05, up 4% in the last 24 hours, while Bitcoin is trading at $57,596.
VanEck’s investment strategy includes backing projects like Hivemapper and Helium, developed on Solana. Hivemapper is a mapping app that rivals Google Street View, while Helium is migrating from the Internet of Things to the 5G mobile network.
According to VanEck’s CEO, Bitcoin and certain layer-1 blockchains will create significant economic value in the future. Investors can take advantage of the opportunity to increase their potential earnings by focusing on such new technologies and projects. VanEck’s strategy is to closely monitor market trends and identify projects that may come to the fore in the future at an early stage.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
