Multicoin Capital partner: The two core issues of ETH are poor L2 interoperability and outsourcing the execution layer to L2

Odaily Planet Daily News Multicoin Capital Managing Partner Kyle Samani recently elaborated on his views on the main challenges facing ETH today in an interview. Samani pointed out that ETH faces two core issues: poor Layer 2 interoperability resulting in a poor user experience, and outsourcing the execution layer to Layer 2 leading to value capture loss. He believes that these two factors explain 80-90% of the recent underperformance of ETH. Samani questions ETH’s excessive pursuit of decentralization and the number of validators, while overlooking user needs and financial functionality. He is more optimistic about Solana’s development path, believing that it focuses more on building efficient financial infrastructure. Samani is skeptical about the prospect of Layer 2 solving the Ethereum problem, believing that it is difficult for various Layer 2 solutions to reach a unified standard. Although acknowledging Ethereum’s advantages in regulatory status and talent pool, Samani believes that the system design limits the realization of these advantages.