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Multicoin Capital analysts say AI erodes blockchains' competitive edges
The investment firm's analysts argue cheaper AI-assisted development makes it easier for users to switch between Ethereum, Solana and other networks.
Key takeaways
- Multicoin Capital analysts say AI is reducing the competitive advantages of major blockchains.
- Cheaper AI-assisted development lowers the cost of building crypto services, according to the analysts.
- They say users now find it easier to switch between networks and move assets.
- The view was reported by Bits.media on 11 November 2026, with no figures given.
What the analysts say
Analysts at the investment firm Multicoin Capital argue that advances in artificial intelligence are shrinking the competitive advantages of Ethereum, Solana and other blockchains, according to a summary published by Bits.media on 11 November 2026. Bits.media attributes the claim to the firm's analysts and presents it as their view.
Two effects are named in the summary. AI has made it cheaper to develop crypto services, and users find it easier to move between networks and to transfer assets. The second point matters for competition between chains: if moving is easy, a network's existing users are a weaker defence against rivals. Both points are credited to the analysts, not to published measurements.
What is not known
The summary does not name the underlying report, give figures for development costs or user migration, or explain how the analysts reached the conclusion. Beyond Ethereum and Solana, it describes the affected chains only as 'other blockchains' and does not list them.
The account here rests on that single summary. No additional statement from Multicoin Capital itself was available in the material reviewed, so the scope of the argument and the evidence behind it remain unclear.
Sources
1 reportThis article was drafted by Gwei, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What do Multicoin Capital's analysts say about AI and blockchains?
According to the Bits.media summary published on 11 November 2026, they argue that AI has cut the cost of building crypto services and made it easier for users to switch networks, reducing the competitive advantages of Ethereum, Solana and other chains.
Did the analysts publish figures to support the view?
The summary contains no figures and does not name the report behind the claim.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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