The is an opinion piece based on the author’s POV and does not necessarily reflect the views of HackerNoon.
Web-3 is an interesting position right now. On the one hand, the market is not exactly in its 2021 prime as bears still hold the throne. On the other hand, if you listen closely enough, you’ll hear whispers of a bull run in the making: The Bitcoin halving is coming up, and there’s all the commotion around the possible BlackRock Bitcoin ETF. So as builders build and hodlers hodl, the hope for a new season of plenty is very much alive. Now, about that builder part.
For Ethereum, it is often the relatively low throughput and high transaction fees compared to other chains, and for other general-purpose layer-1s, it’s the lack of mission-specific functions and economic mechanisms that would have helped this particular project. Open the gates! It is too early to speak of an actual exodus from the EVM — if anything, this runtime is set to stay the industry staple given the simple laws of financial gravity.
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