BitMEX Founder Arthur Hayes Finds Ethereum Unlikely To Be Assailed by Challengers, Says ETH Not Standing Still

BitMEX founder Arthur Hayes thinks will probably be “very, very troublesome” for different good contract platforms to surpass Ethereum (ETH).

Hayes says in a brand new one interview With The Huge Whale, Ethereum is at the moment main by way of revolutionary functions and variety of builders.

He states that improvements begin on Ethereum after which ‘copycats’ happen on different chains.

“The Ethereum expertise and the individuals who construct these items are probably the most revolutionary, and everyone seems to be copying them. So till I see a brand new chain the place a brand new primitive is launched there first, and it hasn’t began on the Ethereum community but, I do not suppose they will catch up.”

Hayes does acknowledge that there’s “lots of fuss” about Solana (SOL).

“It’s totally effectively achieved. They’ve an excellent UI/UX. An exquisite, dedicated group. The entire memecoin factor is without doubt one of the finest issues to ever occur to Solana, however on the finish of the day, what’s it? It is a couple of quarter of ETH’s market cap or one thing like that.

I feel on a probabilistic foundation will probably be extraordinarily troublesome for them to assault ETH. Particular [because] it’s not that ETH is standing nonetheless. Now that we now have tier 2 and the transaction charges have been lowered to that stage, we now have quicker transactions per second if that’s one thing that issues to you. So Ethereum turns into aggressive once more and has all these different advantages.”

Ethereum’s market cap on the time of writing is roughly $296 billion, whereas Solana’s is roughly $68.1 billion.

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