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Ethereum Will be Hard to Surpass by Other Altcoins – Arthur Hayes

02.10.2024 16:00 1 min. read Alexander Zdravkov
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Ethereum Will be Hard to Surpass by Other Altcoins – Arthur Hayes

BitMEX founder Arthur Hayes believes it will be "extremely challenging" for other smart-contract platforms to surpass Ethereum (ETH).

In an interview with The Big Whale, Hayes highlighted that Ethereum is the leader when it comes to innovation and developer activity, stating that most breakthroughs in the space originate on Ethereum, with other platforms following suit.

He emphasized that unless a new blockchain introduces groundbreaking features that haven’t already been developed on Ethereum, he doesn’t see them overtaking it.

Hayes also mentioned the growing attention around Solana (SOL), praising its user experience and community engagement. However, he argued that despite Solana’s success, its market cap remains significantly smaller than Ethereum’s.

Hayes noted that Ethereum continues to evolve with layer-2 solutions, offering lower transaction costs and faster speeds, making it increasingly competitive and hard to beat.

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.

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