BitMEX Founder Arthur Hayes Finds Ethereum Unlikely To Be Assailed by Challengers, Says ETH Not Standing Still – Crypto News – Crypto News
Connect with us
BitMEX Founder Arthur Hayes Finds Ethereum Unlikely To Be Assailed by Challengers, Says ETH Not Standing Still BitMEX Founder Arthur Hayes Finds Ethereum Unlikely To Be Assailed by Challengers, Says ETH Not Standing Still

others

BitMEX Founder Arthur Hayes Finds Ethereum Unlikely To Be Assailed by Challengers, Says ETH Not Standing Still – Crypto News

Published

1 year ago

on

BitMEX founder Arthur Hayes thinks it’s going to be “very, very difficult” for other smart-contract platforms to surpass Ethereum (ETH).

Hayes says in a new interview with The Big Whale that Ethereum currently leads the pack in terms of innovative applications and number of developers.

He argues that innovations start on Ethereum and then “copycats” materialize on other chains.

“The Ethereum technology and the people building these things, they’re the most innovative, and then everybody else copies them. So until I see a new chain where a new primitive is launched there first, and it hasn’t started on the Ethereum network, then I don’t think they’re going to overtake them.”

Hayes does acknowledge that “there’s a lot of noise” regarding Solana (SOL).

“It’s done extremely well. They have really good UI/UX. A great, engaged community. The whole memecoin thing has been one of the best things that’s ever happened for Solana, but at the end of the day, what is it? It’s like one-fourth the market cap of ETH or something like that.

I think, again, on a probabilistic basis, it’s going to be extremely difficult for them to assail ETH. Especially [because] it’s not like ETH is standing still. Now we have layer-2s, and the cost of transactions has been pushed down to that level, we have faster transactions per second if that’s something that matters to you. So Ethereum is becoming competitive again and it already has these other advantages.”

Ethereum’s market cap is around $296 billion at time of writing, while Solana’s is around $68.1 billion.

 

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: StableDiffusion

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending