Helius CEO Mert Mumtaz Foresees L1 Revival Led By Solana

According to Odaily, Helius CEO Mert Mumtaz has expressed his admiration for the impressive expansion tests of Aptos, predicting a revival of L1 next year. He anticipates Solana to lead the way, followed by Avalanche, Sui, Aptos, Near, Fantom, Monad, and Bera. Mumtaz stated that modular teams and other L1 projects have a substantial amount of financial reserves. Despite his desire to see useful crypto applications, he believes that the infrastructure is not yet ready and may require another 'cycle'. He also noted that the competition to attract talent into the ecosystem is just beginning.