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Author: Pavel Paramonov, Dewhale Capital Blockchain Researcher; Translation: 0xxz@作 作 作 作 作 作
In the bull market in 2021, we witnessed the L1 blockchain to fight for the title of “Ethereum Killer”.However, there was no winner in this war.The founding people realized that “if you can’t defeat them, then join them.” It was Solana that promoted this transformation.
From the beginning of 2022 to the end of the year, the native token of most L1 blockchain depreciated by more than 90%.
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All blockchain tries to solve the dilemma of the blockchain, claiming that they are faster and safer than Ethereum.However, no one really won this competition because competition with giants is quite difficult.
Imagine that you started with your hands and tried to build a wallet to get a higher with Metamask.You may have better UX/UI, better functions and better processes.But most people still prefer to use Metamask, just because they are used to it.
1As well asSolanaThe only wrong that can be used by usersEVMBlockchain.
For any other non -EVM blockchain, you can’t say that, such as Near Protocol, Cardano Community, AlgranD Technology or Kadena.
The ecological landscape of 2021 is like this:
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If you say real users, the current TPS of these chains does not exceed 10.There are some questions in Solana. Everyone is talking about:
-Huang downtime
-The “association” with sbf and FTX
-OKX removes USDC and USDT on solana
-DEGODS bridge Ethereum, etc.
However, this is the only team that really cares about users, technology and future.Solana Labs co -founder TOLY (Anatoly Yakovenko) and team members received all feedback to solve all problems, basically just continuing to overcome difficulties.Solana did not win the L1 war. This is just a road that has never been explored. He also thanked Helius Labs CEO Mert Mumtaz, SuperTeam, and other core contributors. This road was explored.
2, Blockchain cannot be inL1Field competition liquidity, so they decide“Benefit“Not“Fight“Essence
If you can benefit directly from it, why compete with Ethereum?Deployment of L2 usually means that it can benefit from Ethereum economy while also having its own economic ecology.
If you are a rollup, it is easier to attract liquidity because you are built on hundreds of millions of TVL on the native chain.At the same time, the founder has the ability to create his own native currency, and has his own small economy in this huge ecosystem.
In addition, it is easier to create rollup now: there are multiple solutions for you to choose from, such as ConDuit, Altlayer, and of course OPTIMISM’s OP Stack.
3As well asL2The liquidity fragmentation chaos is the problem of social fragmentation in reality.
Each L2 has its own different focus:
-Optimism focuses on expansion.
-Arbitrum focuses on DEFI.
-Base focuses on SocialFi.
-Metis focuses on DAO.
Is this bad?Of course not!
Each rollup is unique and has the opportunity to obtain a unique market recognition.But sometimes, it is these people who are crying liquidity fragmentation.
As Emmanuel Awosika noticed at the ETHCC conference, most people like to participate in some external activities because they often find more like -minded people there.However, what I think is important is that not only should I show that I am a ZKSYNC MAX, but I also have an open attitude towards other cultures, opinions and ideas.Because we are in the same sandbox (Ethereum).
4, On Ethereum, people createdrollupEssenceexistSolanaOn, people develop applications.
If I must compare the status quo of these two ecosystems, I will give such a picture:
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At present, there is no real competition between Ethereum and Solana, because these blockchains only provide different services
Ethereum has become a large sandbox, where children (developers) are built here.More and more developers are focusing on bringing the same DAPP to multiple ROLLUP.I think this may cause a problem, because some developers are more concerned about injecting liquidity into the APP, rather than developing a truly good app.
Solana is the same sandbox, but here, the application is a sand pot. At present, they are more beautiful.
-The better SWAP transaction experience than using Jupiter
-The best wallet experience is Phantom
-A even native liquidity reserve for non -native assets, such as Clone
Jito can create the best mobile pledge experience on Solana, including MEV rewards, which was impossible before.But things are not so simple.
5As well asSolanaThe current stage is similar to the previous stage of Ethereum.
The reason for people to move to L2 and create a new L2 is that the native chain is limited.
Someone should still remember that in 2021, you must pay $ 200-300 to SWAP swap.Ethereum itself cannot handle so much throughput, so it is necessary to deal with more throughput and lower cost solutions to make the network available.
Solana has the ability to deal with its existing activities, but the structure of Solana has limitations:
-The block leader was attacked by robots, so the transaction failed.
-The failed trading will waste calculation unit and network bandwidth.
-The charge mechanism cannot motivate efficiency and is not compatible with the incentive mechanism.
To solve these problems, you don’t need to create L2 on Solana.
In my opinion, it is reasonable to create L2 on Solana in the following two cases: it is reasonable:
-Even after all adjustments, the network cannot handle a large number of transactions.Or have the ability to deal with a large number of transactions, but the cost is too high.
-Coloning a application chain to use Solana’s liquidity, and at the same time, you can still have your own economy in your chain.
Who knows, maybe we will face the Solana L2 war in the future, as we have done on Ethereum now.But no one is the winner.In the end, cooperation is almost better than competition.
