While Hoskinson raises valid concerns, many in the crypto space argue Ethereum is still the innovation hub of Web3. Despite high gas fees and reliance on Layer 2s, Ethereum boasts the most active developer base, thriving DeFi ecosystem, and growing institutional interest.
Layer 2s like Arbitrum and zkSync are seen not as “parasitic,” but as vital scaling allies, enabling Ethereum to evolve without compromising security. With upgrades like Danksharding and Verkle trees on the horizon, Ethereum’s roadmap suggests long-term scalability.
So while Cardano presents an elegant alternative, Ethereum’s network effect and constant adaptation might keep it ahead—for now.
