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Arthur Hayes, the founder and former CEO of BitMEX, stated that it would be “very, very difficult” for other smart contract platforms to surpass Ethereum 
$2,479, the leading altcoin. He emphasized Ethereum’s position as a leader in innovative applications and developer count.
Ethereum’s Innovative Power
In an interview with The Big Whale, Hayes remarked that the developers within Ethereum’s technology and ecosystem are the most innovative. He noted that other blockchain networks often replicate innovations launched on Ethereum, asserting, “The technology of Ethereum and the people working in this field are the most innovative, and everyone else copies them. I don’t expect another blockchain to surpass those principles launched for the first time on the Ethereum network.”
Solana’s Market Position
Hayes commented that there is “a lot of noise” surrounding Solana 
$167, highlighting that the network possesses a good user interface and an active community. However, he pointed out that Solana falls behind Ethereum in terms of market capitalization, stating:
Solana has performed very well. They have a really good UI/UX. Their community is quite active. However, ultimately, it holds a value similar to a quarter of Bitcoin 
$0.00004‘s market value.
Emphasis on Ethereum’s Continuous Development
Hayes stressed that Ethereum does not remain stagnant and is continuously being developed. He noted that the introduction of Layer-2 solutions has reduced transaction costs and increased transaction speeds, stating, “Ethereum looks like it never stops. Now we have Layer-2 solutions, and transaction costs have been lowered to this level, allowing for faster transactions per second. This makes Ethereum competitive again and provides other advantages.”
At the time of writing, Ethereum’s market capitalization stood at approximately 296 billion dollars, while Solana’s market capitalization was around 68.1 billion dollars. Hayes added that he expects the altcoin king to maintain its leadership in the sector by retaining its current advantages.
Hayes specified that for a new blockchain to surpass Ethereum, it would need to introduce new and unique technology outside of the Ethereum network. Otherwise, it is likely that Ethereum will maintain its leadership position.
Ethereum’s continuous development and innovative ecosystem remain a reference point for other networks in the industry. Hayes’ assessments highlight Ethereum’s strong position and potential for the future.
