Competition Between L2 and Solana: Exploring New Paths and Breakthroughs

The biggest challenge faced by L2 networks, like some well-known platforms, is the excessive imitation of the DeFi model of Ethereum L1, leading to path dependence. However, L2 has its unique characteristics and should explore new paths suitable for high-performance application needs. The real demand for L2 in the market is not a simple mirror of Ethereum, but rather a completely new direction for L2 development.

These new directions should focus on high-frequency applications. The efforts of a certain public chain in the Depin field are a good example; it did not repeat previous paths but instead opened up new territories. This new attempt brought about a new narrative, which in turn ignited the market. The success of this strategy is partly attributed to the public chain's relationships with certain project co-investment institutions, and interested readers can further explore this.

So, how can L2 networks compete with this type of public chain? The primary task is not to focus on replicating Ethereum L1 DeFi. While this is important, it is not the key to breaking through the dilemma. The most crucial thing is to create new narratives. Breakthroughs should be sought in areas such as Web3 gaming, AI, and Depin. At the same time, developers are urged not to reinvent the wheel, but to strive to explore new battlefields. Even as a second option, vigorously developing Depin is also a feasible direction.

In addition, L2 networks need to allocate valuable economic support (such as tokens) to projects and developers in new tracks. The L2 ecosystem has a latecomer advantage in token economics and is fully capable of designing ecosystem incentive plans that are superior to those of earlier public chains.

The breakthrough of a certain public chain is a great example for L2 networks, and it should be learned from rather than underestimated. If L2 networks can launch several hit applications in areas like Web3 games, AI, or Depin after the Cancun upgrade in the first half of next year, the situation is likely to change significantly.

The real competition between L2 networks and certain public chains may not fully unfold until the second half of next year, and the outcome will likely be clear within the next two years. This is a long cycle, and it is still too early to draw any conclusions.

The Ethereum ecosystem should also thank the innovative breakthroughs on other public chains. Without this catfish effect, the Ethereum network might become too complacent. The stimulation from other ecosystems is enough to attract the attention of the Ethereum community. The most important thing is not to underestimate or oppose, but to learn from the breakthroughs of other ecosystems. Only in this way can we continue to move forward. Ethereum has faced many doubts in history, and I believe the resilience of Ethereum ecosystem developers and the community can meet the challenges.