The “marketing department” of Ethereum (ETH) should be put in quotes, according to Wang, as neither the blockchain nor Ethereum Foundation has a centralized unit responsible for promotional activity. This clarification is important as it highlights that Ethereum’s marketing efforts are not carried out by a specific department or team. Ethereum’s decentralized nature extends to its promotional activities, which are driven by various community members and stakeholders.
The increasing complexity of Ethereum (ETH) due to the wide range of shared sequencers, bridges, and dozens of rollups has posed challenges for teams solely interested in building secure and fast decentralized applications in a resource-efficient manner. While this complexity may be intellectually satisfying for technocrats and academics, the majority of cryptocurrency project teams tend to be more pragmatic in their approach. They prioritize practicality and efficiency over intricate technical details.
As previously reported by U.Today, Cyber Capital CIO Justin Bons criticized Ethereum’s (ETH) focus on Layer 2 (L2) solutions and advocated for the migration of focus to non-EVM blockchains like Near and MultiversX. Bons believes that these alternative blockchains offer better scalability and performance, making them more suitable for decentralized applications.
In 2024, the crypto sphere is engaged in discussions about various metrics that demonstrate Solana’s (SOL) superiority over Ethereum (ETH). For instance, last week, Solana (SOL) surpassed Ethereum in terms of weekly stablecoin transfers, establishing itself as the leading smart contracts platform in this aspect. Additionally, in late December 2023, Solana (SOL) overtook Ethereum (ETH) as the most used blockchain for decentralized exchanges (DEXes) on a daily and weekly basis.
It is important to note that this article was originally published on U.Today, a reputable source for cryptocurrency news and analysis.