Is Ethereum Going to Keep Its Edge?

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GigaAtlasFull Member
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#1Sep 2, 2021, 06:32 AM
Ethereum is behind most of the DeFi and NFT world, but congestion and expensive fees are pushing users towards other options like Solana and Polygon. Upgrades such as proof-of-stake are trying to tackle these problems, but the competition is really strong. Looking at Ethereum's tech roadmap and how it's being adopted in the market can shed light on the struggle to scale a blockchain while keeping it decentralized. The big question is whether Ethereum can keep up with the pace to stay in the game. Do you think Ethereum will hold onto its top spot, or could we see other blockchains stepping up?
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im_sageFull Member
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#2Sep 2, 2021, 12:35 PM
ethereum still has the advantage to some extent because it is the most trusted and widely used smart contract platform, especially for DeFi and NFTs. but like you point out the high fees and slow transactions have kind of pushed many users to faster and cheaper blockchains like Solana, Polygon and other upcoming ones even TON & SUI are beginning to make some big steps in the ecosystem. well, the upgrades are kind of promising!! but if Ethereum does not scale quickly then it will give newer blockchains a chance to catch up on time. i think Ethereum will remain strong, but its dominance will be tested as the competition grows.
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GigaAtlasFull Member
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#3Sep 2, 2021, 02:55 PM
Yes you are right,Ethereum’s trust and adoption are unmatched, but rising challengers like Solana, Polygon, TON, and SUI are gaining ground. Scaling upgrades will decide if Ethereum maintains dominance or shares the stage.
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wolf_blockFull Member
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#4Sep 2, 2021, 07:02 PM
Ethereum is pretty much the Bitcoin of alternative currencies at this point. It has been proven through time, it maintains a large liquidity and relatively high support and adoption around the world. There is no exchange which does not accept Ethereum. Because of those reasons and several more I believe Ethereum will continue to hold the second plane in terms market capitalization and it will remain unchallenged by its competition for a very long time. Ethereum is a good investment of one manages to catch buying opportunities during the bear markets. We
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pixel2014Hero Member
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#5Sep 2, 2021, 10:19 PM
We do not know what can happen in the future, anything can happen. What I know is that ethereum is an altcoin and another altcoin might later take the second position. But right now, I do not think there is any altcoin that can be above ethereum but the future is not certain because we do not know.
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vault_2009Full Member
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#6Sep 3, 2021, 12:31 AM
As long as ETH stays as the main one to be used, then yeah. But that is not the only reason why ETH is second place, there are many other reasons for that to exist. So it should not be something that will get that much time, it has to be something that takes a while for it to reach that level. So it's clear we are going to see how things will change, if anything else could take its level, I mean we have seen SOL be a lot more used at one point, and even BNB at some time, and neither moved above ETH in value. So, it provides proof that it's not just the DeFi stuff that gives ETH any power, it's a lot more than that. We should be considering how things could change with time and ETH may lose its value against an effective competitor over the time.
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wolf2020Senior Member
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#7Sep 3, 2021, 12:44 AM
Ethereum is one of "Wall Street's" favorite coins, so I wouldn't expect it to lose its stop spot in market cap (and TVL) anytime soon. Even if its competitors outperform it in terms of performance and cost-efficiency. Besides, there are many whales who want to keep ETH at the top. With first-mover advantage on the market, competing chains will have a hard time "beating" ETH. Vitalik and his team will continue to introduce a series of network upgrades to make ETH bigger and stronger than ever. While the competition will always be superior in terms of transaction capacity/throughput, ETH will still be "King" due to its unmatched security and reliability (after Bitcoin). I'm certain it will last a lifetime. Just buy, "hodl", and forget about the rest.
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CyberWhaleSenior Member
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#8Sep 3, 2021, 06:00 AM
Ethereum will likely continue to lead the rest of the altcoins even though majority of its fundamentals are flawed and its tech is expensive to use. Right now, they're a much faster chains like solana, aptos, sui and even Avalanche. And yet, none of these chains have come any closer to replacing ethereum over the years. Even after 7 years, ethereum is still 3x bigger than solana in marketcap and fdv But when the market decides there's a new winner, I'm sure we'd know in the future. Until then, it's ethereum season.
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boss_wizardSenior Member
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#9Sep 3, 2021, 07:25 AM
52.5B locked in AAVE Core (ETH mainnet), billions in pendle, Trump deploying his crypto projects in ETH and First ETH staking ETF (ESK) just came out. This is an obvious sign that Ethereum can even mantain dominance and expand it in the altcoin market. Other L1 just playing around with TPS while ETH brings in real liquidity.
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wolf2020Senior Member
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#10Sep 3, 2021, 12:02 PM
Liquidity is what makes ETH the real winner here. Just like Bitcoin. All the other competitors may have shiny-new features, but when it comes to security/reliability or liquidity, none of them can beat the "King". I'd say ETH is the "King of De-Fi" or "King of Smart Contracts", while BTC is the "King of Crypto". I think ETH will remain the second-largest cryptocurrency forever. Vitalik and team will just keep rolling network upgrades to help increase its transaction capacity. Perhaps, ETH will reach a point where gas fees remain negligible for the foreseeable future. That would be a dream come true. I'd buy and hold ETH for the long haul. If institutional investors are doing it, why can't we?
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tony69Senior Member
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#11Sep 3, 2021, 01:40 PM
Ethereum is the first smart contract token designed and can't be replaced by any new EVM machines or other blockchain based tokens created so far, there had been many coins created in the pass that ought to be Ethereum killer but they are all failure at the end. Ethereum is the dominance of all altcoin and no one can replace it, it's the most relevant altcoin birthing other coins to come through.
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jake_gweiSenior Member
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#12Sep 3, 2021, 03:11 PM
Ethereum gonna mantain its dominance because of one sole reason that is EVM. It just works and interface is good, the blockchain isn't confusing. You can see what's going on by simply blinking at the blockchain data. Compare it to the like of SUI and Solana and you got overly cryptic blockchain that you don't even have any idea what's going on. This is the reason why it kept chosen for new leading defis. Everyone always deploy in ETH despite it being expensive on the fee side.
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markchainMember
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#13Sep 3, 2021, 08:31 PM
Eth would never be a clear winner in altcoin world as other's would catching up to it with better network and lower fees, example is BNB, the same as Eth with lower fee then there is Solana. Just some ideas to think about.
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sigma07Senior Member
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#14Sep 4, 2021, 01:47 AM
I am seeing what Ethereum is doing now just like what people think of Bitcoin. What people said about bitcoin? slow, expensive and outdated. So, I think that Ethereum is going through the same precedent as what bitcoin has gone through before. And breaking it down to become irrelevant is unlikely to happen. While there is no assurance for the altcoins market, it is that ethereum has gain so much track record and stability already even with so many new chains faster and cheaper than it.
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LuckyAltSenior Member
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#15Sep 4, 2021, 05:45 AM
Ethereum is the mother of altcoins and that shows her leadership in the cryptospace behind bitcoin. Etherum has been out for a long time and still surviving. After bitcoin Ethereum is the most expensive because it has gained customers trust but due to the gas fee and changing from PoS from PoW has left Ethereum fate unpredictable in future. No one knows if a new coin will take over from Ethereum in future.
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mike42Full Member
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#16Sep 4, 2021, 07:34 AM
For the next 5 - 20 years Ethereum (ETH) will lead. IDK if there will ever be a time when a project will overtake Ethereum (ETH) as the mother of altcoins, but judging by the current developments in the crypto industry, it seems likely that we'll see a new project in the future. Look at how Solana (SOL), BNB (BNB) & Sui Network (SUI) are doing now, they really want to get more attention from the crypto public. Then, for the economic side, $SOL needs around x4,5 multiplier & $BNB needs x3,6 multiplier to surpass $ETH MC.
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wolf2020Senior Member
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#17Sep 4, 2021, 08:37 AM
20 years only? Why not longer? I mean, ETH has a strong lead/advantage over other coins in terms of liquidity, market cap, TVL, etc. It's not about how scalable a coin is, but rather how useful or liquid is. While Solana and gang are faster and cheaper to use than ETH, they suck real bad when it comes to security/reliability. I guess that's ETH's main selling point. Same as Bitcoin. It's no wonder why institutional investors prefer it on top of everything else. The only way ETH will die is if developers stop working on it. By that, I mean no development progress or innovation whatsoever. Development is on-going, so ETH will remain "King" forever. Just my opinion
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CyberWhaleSenior Member
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#18Sep 4, 2021, 09:50 AM
The only thing keeping ETH afloat rn is the fact that they had the first mover advantage for altcoins with actual utility for the token and it was the first ever smart contracts platform with programmatic capabilities. But since Ethereum itself is constantly being updated, I don't think these newer chains like solana have any firepower to take the second spot. Not yet at least because even these newer chains have their own flaws. Next phase of development I see going on Ethereum is likely privacy and more scalability especially since it's being made out to be the house of all cryoto finance.
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nickprotoFull Member
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#19Sep 4, 2021, 03:53 PM
Fees on Ethereum used to be huge compared to what they are now. That said, I barely notice on some wallets if I'm transacting via Ethereum, Polygon, Base, Solana and Avalanche (even though solana uses different scripting too - it's still pretty seamless). I don't know much about Atom/Cosmos but there was a lot of speculation it was going to wrap and be a communication channel between all targeted networks and bridges do that in a way too (but both have some level of slippage if you don't go via an exchange).
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mike42Full Member
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#20Sep 4, 2021, 07:01 PM
20 years is just my estimate, no one can say for sure. I know that Ethereum (ETH) is indeed superior in every way to all existing L-1s, but that doesn't mean that Ethereum (ETH) can't be replaced someday. Do you remember Litecoin (LTC) & Dash (DASH)? where are they now? they've lost much of their community & been replaced by newer, more innovative ones. That's how I envision Ethereum (ETH) in the future, maybe not in the near future, but it will definitely happen.
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