Hayes Skeptical of Monad and Other L1s

[johnblockbuster]

Hayes dismissed Monad and other new layer-1 blockchains as unlikely to succeed, calling Monad “another bear chain” and predicting its token could drop 99%. He acknowledged short-term hype but argued these chains lack durable use cases. His top networks remain Bitcoin, Ethereum, and Solana, with ZCash and Ethena as possible additions to a broader top-five list.

[Nahid Hossen]

Hayes questioning new L1s shows how tough the competition has become.

[Rimon Khan]

His skepticism highlights the risks of unproven Layer-1 ecosystems.

[Nahid Hossen]