The stories surrounding the development and scaling of Ethereum (ETH) may be too complex for typical engineers and entrepreneurs, but they are “intellectually satisfying” for scientists and architects. According to Alliance DAO’s Qiao Wang, this may appear unclear in comparison to Solana (SOL)’s well-defined objectives.
“One thing ETH marketing department got horribly wrong”: Analyst on simplicity and complexity
Analyst Qiao Wang told his 133,000 followers on X that the “ETH marketing department” makes a mistake when it comes to constantly pushing fresh narratives, jargon, and buzzwordy road plans. Solana (SOL) continues to uphold its unmistakable claim to be the “fastest and cheapest” chain in the meanwhile.
https://x.com/QwQiao/status/1742983690416742607?s=20
Wang emphasised that the phrase “marketing department” of Ethereum (ETH) should be used with caution because neither the Ethereum Foundation nor the blockchain have a single, centralised department in charge of marketing.
The ever-expanding array of shared sequencers, bridges, and dozens of rollups makes Ethereum (ETH) unsuitable for teams whose primary goal is to create fast, safe, and resource-efficient decentralised apps.
Although “technocrats and academics” may find this complexity to be intellectually stimulating, most cryptocurrency project teams continue to be “pragmatic”:
This is why modularity will lose in five years to monolithism.
Justin Bons, CIO of Cyber Capital, also took issue with Ethereum’s (ETH) emphasis on L2 solutions, as previously reported by U.Today. According to Bons, attention will shift to non-EVM blockchains like MultiversX and Near.
Season of “flippenings”?
Wang also comes to the conclusion that these problems are solvable. To recruit more developers, Ethereans only need to reduce mental friction.
The cryptocurrency community is debating several indicators in 2024 that show Solana (SOL) surpassing Ethereum (ETH). In terms of weekly stablecoin transactions, Solana (SOL) beat the biggest smart contracts platform last week.
Furthermore, Solana (SOL) overtook Ethereum (ETH) as the most popular blockchain for decentralised exchanges (DEXes) on a daily and weekly basis in late December 2023.
