Multicoin Capital partner: Ethereum's two core problems are poor L2 interoperability and outsourcing the execution layer to L2

Odaily Odaily News Multicoin Capital Managing Partner Kyle Samani recently elaborated on his views on the main challenges currently facing Ethereum in an interview. Samani pointed out that Ethereum faces two core problems: poor interoperability of Layer 2 leads to poor user experience, and outsourcing the execution layer to Layer 2 leads to loss of value capture. He believes that these two factors explain 80-90% of the recent poor performance of ETH. Samani questioned Ethereum's excessive pursuit of decentralization and the number of validators, while ignoring user needs and financial functions. He is more optimistic about Solana's development path, believing that it focuses more on building an efficient financial infrastructure. Samani is skeptical about the prospects of Layer 2 solving Ethereum's problems, and believes that it is difficult to reach a unified standard among Layer 2. Although acknowledging that Ethereum has advantages in regulatory status and talent reserves, Samani believes that the system design limits the play of these advantages.