Ethereum Will be Hard to Surpass by Other Altcoins – Arthur Hayes

BitMEX founder Arthur Hayes believes it will be "extremely challenging" for other smart-contract platforms to surpass Ethereum (ETH).

In an interview with The Big Whale, Hayes highlighted that Ethereum is the leader when it comes to innovation and developer activity, stating that most breakthroughs in the space originate on Ethereum, with other platforms following suit.

He emphasized that unless a new blockchain introduces groundbreaking features that haven’t already been developed on Ethereum, he doesn’t see them overtaking it.

Hayes also mentioned the growing attention around Solana (SOL), praising its user experience and community engagement. However, he argued that despite Solana’s success, its market cap remains significantly smaller than Ethereum’s.

Hayes noted that Ethereum continues to evolve with layer-2 solutions, offering lower transaction costs and faster speeds, making it increasingly competitive and hard to beat.