ETHEREUM (ETH) face Blockchain.
Solana Blockchain’s attractiveness includes superior support for startups and simplified user experiences.
Ethereum hackathon Sinkseps leads builders to Solana
ethereum The leading smart contract platform for decentralized applications (DAPS) has always been. However, this situation is now threatened, with Jacob Franic, co -founder of Alliace Crypto Accelerator, Issuing strict warning.
According to Franek, excessive dependence on Ethereum failed to hackathons to make meaningful innovation. In his opinion, this separation can cost the network its edge.
“If Ethereum wants to oppose this trend, it needs to support large builder building applications,” Frank He said.
Franek notes that Hackathons is not generally for serious builders and rarely produces good products.
“Awards worth $ 5,000 are not funding global changing companies,” he said.
This criticism highlights the increasing disappointment of the ethereum ecosystem strategy. While Hackathons spread, a few concrete products appeared widely.
On the other hand, Solana’s ecosystem concentrated the focus towards organizing starting supportHelp Solana Network Get the ground as a preferred home for emerging WEB3 founders.
“The latest data of startups that apply to the alliance: Solana and Ethereum are now neck and neck. However, the momentum prefers Solana, and it seems that Solana will soon become the largest environmental system for the founders for the first time,” male Qwqiao, customer support in Allianes Dao.
Qwqiao also shared a scheme that shows startup applications to an alliance with Solana by approximately 35 %. Meanwhile, the number of those who advance to an alliance with Ethereum reached about 30 %.
The graph shows a remarkable transformation from 2021, when Ethereum dominated about 50 % and Solana was less than 10 %.
The timing of these fears coincides with Solana’s recent superiority over Ethereum in the market ceiling. It is worth noting that this is a main scale that reflects the value of the network and the user’s trust. Therefore, the participation rate enhances its growing dominance between investors and builders.
In addition to an artistic point of view, this shift indicates a variable perception of the place where innovation and economic opportunities may lie in the encryption.
Steel solutions within Ethereum
This trend comes to Ethereum amid a broader narrative crisis. After welcoming it as a global computer, ETHEREUM is now applied as a value shrinkage store. Her identity has also become confused.
Critics argue that he lacks a coherent story to stimulate societal and institutional support. This is especially true compared to the Solana focus on speed, ease of use and the first design of the mobile phone.
In contrast to this background, Franic suggests urgent and structural solutions, and called for increasing the financing of the accelerated, incubators, and funds of the ecological system.
This means removing the capital from abstract research and reusing it towards developing concrete products.
It also refers to cost problems in Ethereum Layer 2 solutions and the need to expand the basic layer 1 (L1) more aggressive. Without repairing these frictions, warns that Ethereum will struggle for competition.
“… contracts of evidence from Web2 applications tell us that users hate friction. The user interface must be simple with stupidity. 99 times out of 100, the user will choose a lower resistant application,” added Franic.
ETHEREUM’s ability to re -invent construction participation strategy is very important to maintain its importance amid a new wave of developers and technological priorities.
ETH has been traded for $ 1824.19 to this writing, with a modest increase of 0.5 % in the past 24 hours. Meanwhile, Sol was traded at $ 149.38, a decrease of 0.74 % in the same time frame.
Disintegration
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