Ethereum Foundation researcher Justin Drake recently made a statement that Solana’s golden age may be coming to an end. Solana has been gaining popularity in the bull market due to its fast transaction speed and low gas fees, dominating the majority of meme season craze traffic. Ethereum, on the other hand, has not made significant breakthroughs in recent ecological development and has been struggling with high gas fees.
Ethereum Foundation researcher Justin Drake, in a recent podcast, discussed how Ethereum Layer 2 surpasses Solana in terms of latency and throughput, and states that Solana’s golden era is ending. Drake explains that while Bitcoin’s competitive advantages lie in its stability, historical durability, and currency properties, Beam Chain focuses on maximizing the performance of Ethereum Layer 1, competing more directly with Bitcoin.
Solana, on the other hand, is performance-focused and has performed well on two key performance metrics over the past year or two: latency and throughput. However, Solana’s advantages in these areas are now being surpassed by Ethereum Layer 2, which has already demonstrated its ability to scale horizontally.
The overall throughput of Layer 2 is already about 100 times higher than Ethereum Layer 1 and is likely to grow to 1,000 times or even 10,000 times next year. Meanwhile, Solana has adopted a strategy of concentrating all activity on a single server, which is already maxed out and cannot significantly increase throughput.
Ethereum Foundation researcher Justin Drake also announced that the Ethereum Foundation is investing tens of millions of dollars in zkVMs projects, including zkRISC-V formal verification, Poseidon cryptanalysis, and L2beat for zkVMs. The statement that Ethereum is about to surpass Solana seems to be a motivational tactic to encourage users and developers in the Ethereum ecosystem.
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