Raoul Pal Says 3 Crypto Coins Will Dominate The Next Decade

Raoul Pal argues that Ethereum, Solana, and Sui are the three layer-1 blockchains most likely to dominate the next decade, with other networks becoming niche or irrelevant. His thesis is that infrastructure in digital economies tends to concentrate into a few winners, similar to operating systems or cloud platforms. For Ethereum, he highlights its large developer base, DeFi ecosystem, layer-2 activity, and the economic value that would be lost if it were shut down. He also says Solana and Sui have maintained strong economic density even during an 80% market drawdown, and he favors low fees, speed, and programmability as the right valuation drivers. The piece is bullish for ETH’s long-term ecosystem role, while also positioning SOL and SUI as major beneficiaries of a winner-take-most blockchain landscape.