Scaling solutions are getting better and better by the day. I have no doubt that Ethereum will become the gold standard blockchain as it slowly gets rid of its scalability issues eventually.

The selling point that Ethereum competitors have is literally just scalability.
Ethereum is superior in every other aspect when compared with its competitors and this is not an opinion.
Ethereum has unmatched decentralization, the richest and most popular ecosystem, and the largest number of Web3 builders.

The only reason anyone would understandably choose a different chain is only because of Ethereum’s awful scalability handling.

However, this problem is slowly becoming more and more irrelevant as the development of L2s and other scaling solutions is getting better exponentially.

This is becoming apparent with do many mainstream companies choosing to build on Ethereum over other chains. And they’re doing that through EVM scaling solutions.
And with zkEVM development getting pushed aggressively right now, we’ll start seeing more and more mainstream adoption.

This is already apparent through scaling solutions like Polygon that recently announced the first open source zkEVM scaling solution.
This means that any entity building on Ethereum can now benefit from the security of Ethereum (since EVM is on Ethereum and not on the PoS chain) while still benefiting from the privacy, speed and extremely low fees that come with Zero-knowledge technology.

This gives scaling solutions more incentive to improve their technology while still adding value to Ethereum. It’s literally a win win for everyone involved.
Scaling solutions get more usability, Ethereum gets more added value, and companies building on Ethereum get Web3 exposure.

If L2s keep up this pace, Ethereum will undoubtedly become the sole multipurpose chain with the rest of the competitors becoming slowly but surely irrelevant with time.

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