Ethereum ($ETH ) is being overtaken by Solana ($SOL ) and may be overtaken by new competitors in the future. All first-level smart contract networks (L1 networks) are actually programming languages and computing environments for applications. We already know from experience in the computer field that there will be many different technology stacks at the bottom of the application.
• Competitive pressure on Ethereum:
Current situation: Ethereum, as the earliest smart contract platform, is facing competition from emerging platforms such as Solana.
Future expectations: Over time, more new platforms may emerge, further dispersing market share.
• The nature of L1 networks:
These platforms (such as Ethereum and Solana) provide a programming language and computing environment that allows developers to build and run decentralized applications (DApps).
• Diversity of technology stacks:
Analogous to the computer field: Behind the applications we use, there are many different technology stacks to support their operation.
Forecast for the future: In the field of blockchain and smart contracts, there will also be many different platforms and technology stacks coexisting, providing diverse support and services.
In general, although Ethereum is the leader, it faces fierce competition as technology advances and new platforms emerge. This situation is similar to the coexistence and competition of various technology stacks in the computer world.
