Analyst: Ethereum mainnet issues prompt users to switch to Layer 2 and Solana
According to reports, an analyst said that as the demand for faster and more scalable solutions increases, the limitations of Ethereum's mainnet underlying infrastructure are driving users, applications, and capital towards Layer 2 solutions and competing blockchains like Solana. Anmol Singh, co-founder of Zeta Markets, said in an interview: "The emergence of Ethereum's Layer 2 solution is due to the fact that the underlying infrastructure is insufficient to handle users, transactions and data. Therefore, out of necessity users and capital are migrating to Layer 2 and other Layer 1 blockchains."
In addition, Qi Zhou founder of QuarkChain and EthStorage pointed out that an increase in the number of Layer 2 solutions on Ethereum could lead to liquidity fragmentation between different chains affecting the entire ecosystem. Zhou highlighted potential solutions that could offset Ethereum’s liquidity fragmentation. Zhou stated: "Some protocols are emerging which provide cross-Layer-2 liquidity allowing assets to flow seamlessly between Layer-2s thereby reducing fragmentation."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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