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Bitwise’s CIO Matt Hougan stated that innovations within the Ethereum $3,696 ecosystem could enable the platform to outpace its competitor, Solana $212, by 2025. He noted that the perception of Ethereum as slow and costly is changing thanks to Layer-2 technologies, which enhance Ethereum’s scalability and usability.
Layer-2 Technology Supports Ethereum
Layer-2 networks within the Ethereum ecosystem are increasing the platform’s appeal to both developers and users. Hougan expressed that these technologies are solving Ethereum’s scalability issues, making it competitive with Solana. He emphasized that “Layer-2 networks are transforming the Ethereum ecosystem, and the effects are being felt in real time.”
The platform is…
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