Ethereum's Dominance Grows as Rival Blockchains Struggle to Compete

Alternative layer-1s trying to compete with Ethereum may be running out of time as Ethereum layer-2 solutions gain traction.

Ethereum's network effects and growth of layer-2 solutions are taking market share from rival platforms.

Many Ethereum competitors have issues like inflationary tokenomics, excess block space, and lack of fees to support network security.

Bloomberg analyst Jamie Coutts believes most alternative smart contract platforms could fade away in coming years.

Coutts maintains a negative outlook for many alt layer-1s but a positive outlook for Ethereum.