According to BlockBeats, on June 13, Jupiter founder meow said on social media that the core problem facing Ethereum is that a large amount of capital and incentives are tilted towards creating solutions such as L2/3/4, while there is almost no incentive to create large-scale practicality and value on any given core network. This means that despite everyone's strong expression of the opposite desire, the division between the Ethereum community and capital will continue unabated in the foreseeable future.
It will be interesting to see if Solana faces the same issues if competition for block space grows beyond today’s levels. Infrastructure buildout for SVM application chains and L2 solutions is following the exact same trajectory as early Ethereum L2 solutions. The core difference is that – there is still more alpha in building directly on Solana itself, versus launching a new chain – maintaining this dynamic will be the most important factor in determining how things develop.
