Wang stressed that the “marketing department” of Ethereum (ETH) should be put in quotes as neither the blockchain nor Ethereum Foundation has a centralized unit responsible for promotional activity.

The ever-increasing range of shared sequencers, bridges, dozens of rollups makes Ethereum (ETH) too complicated to teams only interested in building secure and fast decentralized applications in a resource-efficient way.

While “technocrats and academics” might find this complexity intellectually satisfying, the majority of cryptocurrency project teams remain “pragmatic”:

As covered by U.Today previously, Ethereum’s (ETH) focus on L2 solutions was also criticized by Cyber Capital CIO Justin Bons. Bons the migration of focus to non-EVM blockchains like Near and MultiversX.

In 2024, the crypto sphere is discussing various metrics in which Solana (SOL) surpasses Ethereum (ETH). Last week, Solana (SOL) surpassed the largest smart contracts platform in weekly stablecoin transfers.

Also, in late December 2023, Solana (SOL) flipped Ethereum (ETH) as the most used blockchain for decentralized exchanges (DEXes) in daily and weekly time frames.

This article was originally published on U.Today