- Polygon’s Co-Founder says Ethereum would be the only standard smart contract protocol.
- Polygon (MATIC) surged 43% since the start of 2023.
Ethereum scaling network Polygon’s Co-Founder Sandeep Nailwal predicted that Ethereum would be the only standard smart contract protocol that overtakes all other layer-1 competitors such as Solana, Aptos, Cardano, and Avalanche.
In a recent interview with Crypto Banter, a YouTube channel, Nailwal said;
I don’t think there’s going to be a multi-layer 2 environment. There will be a layer-1 environment there will be one single layer-1, which is Ethereum in my mind.
Also, the host Ran Neuner shoots a question you believed that Solana, Aptos, Avalanche, and Cardano in time those all will eventually become “very small” and lose their relevance. Sandeep said, “I don’t see any significant transaction on any of these chains”. Further, Sandeep Nailwal answered investment-related questions. Other than Polygon he would invest StarkWare and Arbitrum because he thinks both are very good teams.
However, during 2021’s bullish momentum, all four blockchains were entitled “Ethereum Killer” and believed these protocols and their associated tokens will beat Ethereum (ETH) but the story failed due to 2022’s bear market, which led by many of the incidents like Terra Classic (LUNC) to crypto exchange FTX collapse.
Recommended for you
