Multicoin Capital Managing Partner: The two core issues of Ethereum are poor L2 interoperability and outsourcing the execution layer to L2

ChainCatcher news, Multicoin Capital managing partner Kyle Samani recently elaborated on his views regarding the main challenges currently facing Ethereum in an interview. Samani pointed out that Ethereum faces two core issues: poor Layer 2 interoperability leading to a subpar user experience, and the outsourcing of the execution layer to Layer 2 resulting in value capture loss.

He believes these two factors explain 80-90% of the reasons for ETH's recent poor performance.

Samani questioned Ethereum's excessive pursuit of decentralization and the number of validators, while neglecting user needs and financial functionality. He is more optimistic about Solana's development path, believing it focuses more on building efficient financial infrastructure.

Regarding the prospects of Layer 2 solutions addressing Ethereum's issues, Samani is skeptical, believing that it is difficult to reach a unified standard among various Layer 2s. Although he acknowledges Ethereum's advantages in regulatory status and talent pool, Samani believes the system design limits the realization of these advantages.