
Recent discussions among cryptocurrency enthusiasts highlight a shift in sentiment towards Solana and Ethereum's Layer 2 (L2) solutions. Critics have pointed out that Ethereum proponents, who previously disparaged Solana and memecoins, are now promoting low-cap memecoins on centralized L2 platforms. This change has sparked debates about the future of Ethereum, with some asserting that it has lost its competitive edge to Solana. The conversation also touches on the potential for L2s to evolve into Layer 1 (L1) solutions, with various projects like Unichain and Plume Network making strides in this direction. Observers note that while Ethereum's L1 is competing with Bitcoin, its L2s are vying with Solana, indicating a complex competitive landscape in the blockchain ecosystem.
Ethereum L1 is competing with Bitcoin. Ethereum L2s are competing with Solana. Yet, there is overlap. Ethereum is competing with Solana to be the best L1 for L2s.
imo an important fundamental trend rn is that both Bitcoin and Solana are trying to become more like Ethereum. Some Bitcoiners are attempting to solve its security budget crisis by coordinating a fork to adopt real L2s and a real app layer. Like Eth has already. Solana just…
rant time: we're one week into a bull market, and this space is already lost in the delusion of convenient VC narratives. no, most L2s will not become L1s. fully decentralizing a validator set with fair tokenomics at launch is a hellishly difficult task. there's a reason it's…