Can Ethereum’s Smart Contract Sustain Amidst the Increasing Competition From Rivals?

• L2s and competing L1 blockchains now challenge Ethereum’s smart contract dominance.
• Arbitrum and Optimism offer scalable Ethereum-compatible alternatives with lower fees.
• Ethereum’s future hinges on improving scalability, user experience, and regulatory alignment.

Ethereum has maintained a central role in the development and execution of smart contracts since its launch. However, sudden innovation across competing blockchain platforms and Layer-2 (L2) solutions is beginning to reshape the competitive landscape.

With platforms like Solana and Avalanche introducing alternative models and L2 networks such as Arbitrum and Optimism scaling transaction capacity, Ethereum’s lead is no longer uncontested. These developments are raising questions about whether Ethereum can continue to dominate the smart contract network.

Ethereum’s Smart Contracts

Ethereum’s infrastructure allows developers to deploy smart contracts, self-executing programs that perform actions once coded conditions are met. These contracts operate without intermediaries, removing the need for third-party enforcement. Developers code these contracts using Solidity, a language tailored …

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