Nicolas Julia, CEO of fantasy sports crypto platform Sorare, says he remains confident in Ethereum despite the company’s decision to migrate to Solana—a move he refers to as an “upgrade.”
Last Thursday, Sorare announced plans to transition from Ethereum after six years, citing Solana’s scalability and its strong, consumer-oriented ecosystem. The migration will include over ten sports games and their associated trading cards.
“It’s not a replacement, it’s an upgrade,” Sorare said in its announcement. Julia later told Cointelegraph that Solana stands out as the most viable blockchain for the platform, leading the fantasy sports crypto space in metrics such as revenue, daily active addresses, active developers, and total value locked. He acknowledged that while Solana is more centralized than Ethereum, it offers greater scalability and robust security.
“Solana’s growing adoption shows that this bet was the right one,” Julia said, adding that the blockchain has made remarkable progress compared to Ethereum, despite launching five years later.
The migration is expected to be finalized by the end of this month.
Despite the migration, Sorare CEO Nicolas Julia emphasized that the company remains confident in the Ethereum ecosystem.
“We remain very bullish on it,” Julia said, adding that Sorare will continue to support Ethereum users through its integration with the Base network and will still enable Ether deposits.
With over 5 million users and a $4.3 billion valuation as of October 2021, Sorare joins a growing list of established crypto projects that have opted to migrate from their original blockchains in pursuit of scalability and growth.
Other major crypto platforms, including decentralized exchange aggregator 1inch and indexing protocol The Graph, have also moved from Ethereum to Solana in recent years.
Sorare, a fantasy sports platform best known for its football offerings, also features basketball and baseball, allowing users to buy, sell, and trade officially licensed digital player cards as NFTs. Players can assemble teams from these cards and compete in weekly tournaments, earning rewards based on real-world player performances.
Sports Tokens Lagging in the Current Cycle
Competitors in the space include Flow, Chiliz, and NBA Top Shot by Dapper Labs. The DraftKings Marketplace was once a key player but shut down in July 2024.
According to CoinGecko, the total market capitalization of sports crypto tokens currently stands at $1.17 billion — a steep decline from the heights of the 2021–2022 bull cycle.
Sorare’s NFTs have also felt the market pressure. Data from DappRadar shows their floor price has dropped sharply from a peak of $91.25 in April 2022 to just $2.21 as of Oct. 12, 2025.
Despite the downturn, daily NFT sales on Sorare have held steady, ranging between 5,000 and 30,000 transactions per day, roughly matching 2022 activity levels.
Sorare Eyes a Multichain Future
Even with the migration to Solana, Julia said the company is exploring a multichain strategy, evaluating other high-speed blockchains that could further scale Sorare’s digital sports card ecosystem.
“We’ve considered many options and will continue to keep a close eye on the evolution of high-performance ecosystems like Sui and Aptos, while remaining confident in Solana’s trajectory for now.”
Sorare is also integrating Layer0 to streamline marketplace payments across Solana and Base, part of its broader strategy to become chain-agnostic and harness the strengths of multiple blockchain ecosystems.
Sorare Unfazed by Solana’s Past Outages
Julia said he isn’t overly worried about potential Solana network outages, explaining that Sorare’s team has grown “well accustomed to working through the inevitable imperfections that come with blockchain infrastructure.”
“We’ve been more than reassured by the quality of Solana’s technology, the team behind it, and the network’s recent track record of stability,” he added.
Julia also noted that Solana’s outages have become far less frequent and are resolved quickly, reflecting the network’s ability to improve at a remarkable pace.
