The head of digital assets research at ETF provider VanEck, Matthew Sigel, believes that Bitcoin and one or two layer-1 blockchains will dominate the digital assets industry in terms of economic value. He predicts that decentralized applications (DApps) and decentralized physical infrastructure networks (DePIN) will become popular investments once this dominance occurs. Sigel suggests that Solana (SOL), a competitor to Ethereum (ETH), is one of the layer-1 blockchains that will emerge as a winner. VanEck is reportedly "overweight" on investments built on Solana, such as Hivemapper (HONEY) and Helium (HNT). The company is underweight on layer-2 scaling solutions, particularly Ethereum-based ones. At the time of writing, Solana is trading at $135.05 with a 4% increase in the last 24 hours, while Bitcoin is valued at $57,596.



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