Hayden Adams, the CEO of Uniswap Labs, believes Solana has a better roadmap, team, and approach for developing decentralized finance (DeFi) on layer 1. Ethereum has been focusing on modular and rollup-centric development approaches in recent years. Some critics argue that layer 2 networks are merely leveraging existing benefits rather than offering innovations or new improvements. Adams expressed doubts about abandoning years of effort in this direction, especially given the progress made. He argues that Solana is a better option for executing DeFi on layer 1. Adams also stated that he has no issues with a layer 1 centralized scalability approach, but it requires heavy transactions and may have drawbacks. These opinions followed David Hoffman, the co-founder of Bankless platform, declaring that ‘Ethereum layer 1 is for DeFi.’ Hoffman claimed that Ethereum should be ‘a place for builders, users, and assets.’ He believes that no other blockchain can have Ethereum’s features and asserts that Ethereum is the only decentralized smart contract platform with ‘complete and uninterrupted uptime.’ Hoffman also emphasized that the majority of the economy should be on layer 1 and ‘layer 1 should serve everyone.’ You can view the prices of all tokens and cryptocurrencies live and in real-time on the digital currency price page.
