1confirmation founder: Ethereum has no competitive relationship with the later L1 ecosystem

ChainCatcher news, 1confirmation founder Nick Tomaino posted on X, stating that there is no competitive relationship between Ethereum and other later L1 ecosystems. In terms of product innovation and as a native token for currency, other projects cannot compare.

He pointed out that the real competition is between Bitcoin (BTC) and Ethereum (ETH), with Bitcoin as the "big boss" deserving respect. Meanwhile, Ethereum has accumulated strong momentum in distribution through L2 and L3 technologies and new applications from Wall Street.