Polygon co-founder Sandeep Nailwal has stated that he believes Ethereum will be the only layer 1 environment in the future, with other layer 1 protocols eventually disappearing.
During an interview on the Crypto Banter YouTube channel with Ran Neuner, Nailwal stated that he doesn’t see a multi-layer 2 environment and instead predicted that all user activity would occur on layer 2s that interact with the Ethereum base layer.
When Neuner asked Nailwal whether he believed Solana, Aptos, Avalanche, and Cardano would disappear, Nailwal responded by saying that none of these protocols had demonstrated significant traction, and neither had their respective layer 2s. Therefore, he sees no future for them.
Nailwal’s statement has elicited a wide range of comments from the crypto community, with many voicing their disagreement with his opinion. Several members of the community pointed out that Nailwal’s statement was shortsighted and failed to take into account the multi-chain future of the crypto industry.
Blockchain writer 585Eth said:
“I agree with Aptos, Avalanche and Cardano but Solana has already established network effects and branding. As in the discussion is over. Let’s also not forget the best UX by far.”
In related news, Polygon recently announced that it would be laying off 20% of its workforce. Sandeep Nailwal made the announcement in a blog post, stating that the layoffs were necessary due to the consolidation of multiple business units under Polygon Labs. The layoffs will impact multiple teams and approximately 100 positions.
The future of smart contract protocols remains a hotly debated topic in the crypto community, with many different opinions and predictions being made.
However, it is clear that the community will not simply accept the dismissal of emerging technologies and protocols, such as Solana, Aptos, Avalanche, and Cardano, as suggested by Sandeep Nailwal. The rapid pace of innovation and development in the crypto industry will continue to bring new and exciting possibilities for the future of smart contract protocols.
