Ethereum's Dominance Faces Competition at ETHDenver Conference

ETHDenver conference drew developers from competing blockchains like Bitcoin, Solana, and Polkadot, showing Ethereum's influence but also potential competition.

Rival networks are looking to make inroads into Ethereum's vibrant developer community and build on its success with programmable blockchains.

Ethereum is embracing competitors with the rise of layer 2 solutions and cross-chain interoperability.

As Ethereum relies more on layer 2s, it risks ceding dominance as a general purpose blockchain platform.

With the blockchain industry trending toward modularity, Ethereum could lose its lead if a rival can build better technology and a stronger community.