Solana, Cardano, Avalanche, Aptos Don’t Have a Future: Polygon Co-Founder

Lavina Daryanani
Source: The Economic Times

Time and again, protocols like Solana, Avalanche and Cardano have been dubbed as “Ethereum killers”. During 2021’s bull run, many from the space advocated that these protocols and their respective tokens would thrive. However, with the macro bear run materializing in 2022, that narrative started losing fizzle.

Polygon’s Co-Founder Sandeep Nailwal recently appeared in an interview with Crypto Banter. Talking on similar lines, he opined that there wouldn’t be a “multi-Layer 2 environment.” Instead, he said, there’d be only “one single” Layer 1 — Ethereum, on top of which other Layer 2 user activities will take place.

To a question on if he believed Solana, Aptos, Cardano, or Avalanche will eventually become “very small” and lose their relevance when compared to Ethereum, he said:

“Yeah, Yeah. If you see even now, everybody’s [been] there for the last two years, and I don’t see any significant traction on any of these chains.”

He added,

“I absolutely don’t feel that anybody has any chance to compete with Ethereum anywhere.”

Also Read: Also Read: Arbitrum Beats Binance Smart Chain With Higher DEX Volume

Sandeep opines on where to invest $10k

In the interview, Ran Neuner asked Sandeep Nailwal another interesting question related to investments. Removing Polygon from the equation, Neuner asked the executive where would he divert a sum of $10k to get maximum returns. Nailwal said,

“I think it would be surely StarkWare and Arbitrum, both of them. I’ll divide 50-50% between both of them. Both are very good teams, respected teams, good engineers, and are doing legit work.”

Right after that, he also added Optimism to the list and told that he’d divide the funds 1/3rd between the three of them.

Arbitrum has been making it to the news consistently of late. In fact, it has been on a record-creating spree. On Feb. 21, Watcher Guru reported that the Layer-2 scaling solution eclipsed Binance Smart Chain on the DEX volume aspect. Right after that, another milestone was achieved. The number of Arbitrum daily transactions reached 1.14 million recently, surpassing the number settled on the Ethereum mainnet.

Also Read: 1.1 Million: Arbitrum Eclipses Ethereum on Daily Transactions