Jupiter Founder: The core issue with Ethereum is that a large amount of capital and incentives are being directed towards the L2/3/4 networks

Jupiter's founder @weremeow posted on platform X, stating: "Currently, the core issue with Ethereum is that a large amount of capital and incentives are being directed towards creating L2/3/4 networks, while the creation of substantial utility and value incentives on any core network is almost zero. This means that despite everyone clearly expressing their desire for the opposite outcome, fragmentation of the Ethereum community and capital will continue to occur unrestricted in the foreseeable future. If competition for block space increases exponentially, it would be interesting to see if Solana faces similar issues. Currently, Solana's SVM application chain and L2 infrastructure development trajectory align perfectly with early Ethereum L2. The key difference lies in: compared to launching a new chain, there are still more excess returns from developing directly on Solana itself - maintaining this dynamic will be the biggest driving force determining future development outcomes."