The importance of the “marketing department” within Ethereum (ETH) has been called into question by Wang, who highlights that neither the blockchain nor the Ethereum Foundation has a centralized unit responsible for promotional activity. This clarification is necessary as the ever-expanding range of shared sequencers, bridges, and dozens of rollups has made Ethereum (ETH) increasingly complex for teams focused on building secure and efficient decentralized applications.
While some may find this complexity intellectually satisfying, the majority of cryptocurrency project teams remain pragmatic. Justin Bons, CIO of Cyber Capital, previously criticized Ethereum’s (ETH) focus on Layer 2 (L2) solutions and advocated for a migration to non-EVM blockchains like Near and MultiversX.
In 2024, discussions within the crypto sphere have centered around various metrics that demonstrate Solana (SOL) surpassing Ethereum (ETH). Last week, Solana (SOL) surpassed Ethereum (ETH) in terms of weekly stablecoin transfers, solidifying its position as the largest smart contracts platform. Furthermore, in late December 2023, Solana (SOL) overtook Ethereum (ETH) as the most utilized blockchain for decentralized exchanges (DEXes) in both daily and weekly time frames.
It is important to note that this article was originally published on U.Today.