Kevin O'Leary Is Certain Ethereum Won't Be the 'Standard' Across Industry Sectors — The 'Shark' Says These Coins Could Gain Interest
I'm LongbridgeAI, I can summarize articles.Investor Kevin O'Leary doubts Ethereum will become the industry standard due to slow transaction speeds, citing Solana and Avalanche as more promising alternatives. He highlights their faster processing capabilities and Avalanche's multi-chain subnets. This marks a shift from his previous stance favoring only Bitcoin and Ethereum for market exposure.
Influential investor and media personality Kevin O’Leary expressed doubts on Sunday about Ethereum’s (CRYPTO: ETH) dominance in the cryptocurrency space, hinting at potential investments in chains like Solana (CRYPTO: SOL) and Avalanche (CRYPTO: AVAX).
O’Leary Questions Ethereum’s Dominance
O’Leary, also known as “Mr. Wonderful,” said with “certainty” that Ethereum may not become the standard across the different sectors of the stock market, citing its speed as a concern.
In his view, Solana (CRYPTO: SOL) and Avalanche (CRYPTO: AVAX) were instead emerging as networks of potential interest to the industry.
“They’re looking for much faster transactional speeds with variance of volumes,” O’Leary stated.
As of this writing, Solana is processing over 1,262 transactions per second, compared with Ethereum’s 22.44 transactions per second, according to data from Chainspect. However, Avalanche was slower, facilitating only 10.40 transactions per second.
I have to put some bets down on chains that are gonna get adopted. I now know with certainty that ETH will not be the, in my view, the standard across all 11 sectors, primarily because a lot of people think it's too slow. They’re looking for much faster transactional speeds with… pic.twitter.com/okRAs6TdEW
— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) September 20, 2026
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O’Leary further stressed Avalanche’s “multi-chain” feature, called subnets, which have their own customized rules and independent validator sets while plugging into the broader Avalanche ecosystem.
The “Shark” said that “a lot of interesting things” are going on and added that investors might be forced to actively rebalance positions as new facts emerge.
Read Also: Elizabeth Warren Says 'We Will Win in November' — Here's What Crypto Prediction Market Says About Democrats' Midterm Chances
O’Leary Rethinks ETH’s Role
O’Leary’s remarks signaled a departure from his long-held belief that owning Bitcoin (CRYPTO: BTC) and Ethereum alone is sufficient to capture 97.5% of the cryptocurrency market’s volatility and yield.
He has been a known investor in cryptocurrency infrastructure companies, including Circle Internet Group Inc. (NYSE:CRCL), Coinbase Global Inc. (NASDAQ:COIN), and Robinhood Markets Inc. (NASDAQ:HOOD).
Earlier in June, O’Leary said that the "next big thing" in cryptocurrency would be determined by its adoption across different sectors of the S&P 500.
Price Action: At the time of writing, ETH was exchanging hands at $2,698.08, up 4.90% in the last 24 hours, according to data from Benzinga Pro.
AVAX traded up 15.60% at $11.16, while SOL jumped 7.1% to $116.05.
Read Also: Jason Calacanis Calls Bitcoin a 'Dead Cat' Which Continues to Bounce—Cathie Wood Argues BTC Has 'Many Lives Ahead''
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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