ARK Invest's Director of Digital Asset Research: Criticizes Solana and Ethereum proposals for overlooking competitiveness

Lorenzo stated that the latest improvement proposals from Solana and Ethereum are surprising. The market has indicated that Hyperliquid and others are posing strong competition, but the relevant communities are still taking time to adjust inflation arrangements and CU restrictions, which may further decrease the competitiveness of applications. He believes that L1 should prioritize thinking about how proposals can enhance network competitiveness, promote growth, and attract more consumer-grade applications and users.

Lorenzo pointed out that for Solana, this is certainly not the time to get entangled in the value accumulation of token holders versus cash flow or to increase the costs for application developers. It should first be proven that the cake can be enlarged by 100 times before discussing how to allocate it. Although in the future, it will be necessary to price high resource-consuming transactions more finely and address token value accumulation, if market share is seized by HYPE, there will be no value to accumulate. The current priority should be to enlarge the cake by 100 times.