It’s interesting to look at the advantages of being a first mover in a new VM architecture. Ethereum was the only EVM chain for many years. Solana was the only SVM chain for many years. Both created strong network effects as a result, which are gradually weakening as more EVM and SVM chains come online.

Compare that to the MoveVM ecosystem, where Aptos, Sui, and Movement are all competing for mindshare among the limited supply of Move builders.

Monad, MegaETH, Rise all promise "EVM chain but faster", but when there are three launched simultaneously, which gets critical mass?

The biggest advantage of vertical scaling is avoiding fragmentation, but having many chains pursue vertical scaling on the same VM creates the very same fragmentation.