According to TechFlow, Jupiter founder meow said on social media that the current core problem of Ethereum is that capital and incentives are tilted towards creating L2/3/4 networks, while there is almost no incentive to create large-scale utility and value on any core network, which means that the split between the Ethereum community and capital will continue to occur in the foreseeable future.
Similar to the early development trajectory of the Ethereum L2 network, the development of the SVM application chain and L2 network infrastructure is also on the same trajectory.
The core difference is that there are still far more Alpha projects building directly on Solana than new chains launching, and maintaining this dynamic will be the biggest driver of how things develop.
