Its ironic cause these alt L1s' only valid argument against Ethereum was that they offer “scalability”
And while that was true initially, this doesn’t seem like it’s the reality anymore.
And besides, how do they plan on competing with Ethereum L2s?
Ethereum L2s have been around for a long time and have curated veteran developers to the point where these chains are faster and cheaper than the vast majority of alt L1s out there
Just for reference:
- Polygon boasts 300,000 daily active users, 2,500,000 daily transactions, and $0.15 per transaction
- Arbitrum boasts 80,000 daily active users, 380,000 daily transactions, and $0.15 per transaction
- Optimism boasts 70,000 daily active users, 270,000 daily transactions, and $0.26
(These fees are DEX swap gas fees)
And I could keep going on and on but you get the point.
These impressive numbers didn't just happen in a day or two. These numbers were achieved after years of research and development.
I don’t think that any chain can compete with Ethereum in terms of L2s.
Ethereum L2s are simply way ahead of the curve right now that by the time L2s on another alt chain reach the current benchmarks, Ethereum L2s would already be way far ahead
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