Kyle Samani, a partner at #MulticoinCapital , highlighted that the lack of interoperability between different blockchain networks, particularly on @Ethereum , is negatively affecting the price performance of $ETH . (Interoperability refers to the ability of different blockchains or Layer 2 solutions (L2s) to communicate, transfer assets, and share data seamlessly with each other.)

Currently, users face difficulties when trying to move assets across different chains or Layer 2 solutions. This creates friction in the user experience, leading to frustration. As more Layer 2 solutions emerge to address Ethereum's scalability issues, the lack of a unified standard for interoperability becomes more apparent.

Samani's point is that Ethereum’s founder, #VitalikButerin , needs to actively encourage the development of a universal interoperability standard. Such a standard would allow Layer 2 projects to align and ensure smooth cross-chain interactions. Achieving this would improve user experience, attract more activity to the Ethereum ecosystem, and potentially have a positive effect on Ethereum’s price, as it becomes more practical and efficient for users.