Dev cycles are longer, tooling is complicated, gas fees are still expensive, and the community isn't easily wowed anymore. Most teams aren't ready for its discipline, and it's not beginners friendly. Solana, BSC, Sui attract rapid movers, speculative teams, foolish memecoin and frankly, projects either don't need extreme decentralization or are optimizing for short-term traction. It's a market of preferences, not just technologyYou are absolutely right!! Ethereum is more about permanence whereas investors are more interested in making quick profits than being interested in the blockchain technology itself.
Ethereum is where you go if you want permanence, not just virality. When they can start sooner, less expensive, and under less scrutiny on other chains, why would casual ventures, meme, low-effort NFTs, or quick DeFi forks chose Ethereum? Blockchains are cultures, yet people still treat them as platforms. Solana is a fast-food speed. Ethereum is slow-cooked. BSC is a reliable supermarket brand. Sui is still writing its cookbook
And another thing: attention has changed. The market is not in 2021 mode right now. It’s fragmenting. Particularly when venture money is flooding alt-L1 ecosystems with less expensive blockspace and more robust short-term incentives, founders are no longer fixated on Ethereum as the only game in town. It's about the narrative people want to follow, not about technology anymore. Ethereum's story is too mature, too sluggish, too cautious right now, but yet essential
There are several that I can think of,Yeah, a lot of users complain about the high gas fees issue which is a result of congestion and complex transactions and but honestly i don’t see it reducing anytime soon because i think it’s a way of reducing too much transactions and maintaining its authenticity.
a. Ethereum - has still this high gas fees that wasn't resolved even if they upgrade
b. Competition - Solana, BSC and they are cheaper
c. Scalability - there are more projects that are faster than Ethereum now,
d. Implementation - they have a lot of projects in the pipeline, however, schedules are not being followed and there has been delay
c. Scalability - there are more projects that are faster than Ethereum now,
Over the past year, hundreds of projects have launched on various blockchains with Solana been the most popular one but i noticed only few projects have launched on Ethereum and i’ve been wondering what the reason could be.There is no other reason for that and that's about the high fees and it is now less popular than before. When it was so popular, the fees that are happening in ERC20 is so much and that's why other L1 projects have emerged. ETH foundation didn't do that much to address the issue until these other networks have made their own chains more popular and cheaper than it. And this is why it's no longer thriving with its smart contracts.
Surprisingly, more projects are launching on BSC lately which is great because to me it has always seemed like a “standalone” blockchain. I noticed the same with Sui, it seems these blockchains have a lot more to show this year.
What exactly brought this up was when i saw this project Stakestone was set to launch on Ethereum and i realized only few launches have occurred on the blockchain. In your opinion, what do you think could be the reason.
c. Scalability - there are more projects that are faster than Ethereum now,
Talking about scalability, there are so many Layer 2 for Ethereum network which have cheaper gas/TX fee and faster TX confirmation. So i bet some project decide to launch on ETH's L2 rather than ETH itself.
Not sure though why they can't really resolved the high gas fees till now. And it's obvious that this is a massive failure on their part and now it is being amplified more and being reflected in new projects no longer interested on ETH itself and investors as well as the price is still very low up to this point.
Over the past year, hundreds of projects have launched on various blockchains with Solana been the most popular one but i noticed only few projects have launched on Ethereum and i’ve been wondering what the reason could be.
Surprisingly, more projects are launching on BSC lately which is great because to me it has always seemed like a “standalone” blockchain. I noticed the same with Sui, it seems these blockchains have a lot more to show this year.
What exactly brought this up was when i saw this project Stakestone was set to launch on Ethereum and i realized only few launches have occurred on the blockchain. In your opinion, what do you think could be the reason.
You can say that there was a time on TON when hundreds of telegram games projects were launched, but where is TON now in ecosystem development and TVL?I think they nearly reached $1 billion total locked value but dropped massively after that. As of now, they're hovering around $170 million, which is a minuscule number compared to the total locked value of the whole crypto market[1]. They need more than airdrops and meme tokens to encourage people to lock their wealth on-chain.
Re: Why do few projects launch on Ethereum blockchain ?There's no hype around the project that's why.
There is no hype because it's expensive to run on Ethereum network. Gas fees are high and projects tend to stay away as they are just in the beginning and probably don't have the capital for a startup and needed investors to fuel. And so with that, projects then to gravitate on other network like BSC and Solana because they are quite attractive and the network are not that clogged and they can easily deploy without thinking that speed are going to be a big issue because that's one area that any projects doesn't want to go.QuoteRe: Why do few projects launch on Ethereum blockchain ?There's no hype around the project that's why.
Nowadays, we are in an era around crypto where hype is everything. Just look at TON when they got hyped. Many projects have been created around TON blockchain. Same with Solana, and soon same with BSC. As for Ethereum, there isn't any hype around it at all. Looks like the marketing department of the project needs to step up so that the project creates a hype.
Well, the good thing though is that, despite Ethereum not having any hype at all, in terms of DeFi projects, and TVL, it's still on the top, and the difference is A LOT, so I guess Ethereum doesn't need the hype at all because they're excelling in other factors. :D
You can say that there was a time on TON when hundreds of telegram games projects were launched, but where is TON now in ecosystem development and TVL?I think they nearly reached $1 billion total locked value but dropped massively after that. As of now, they're hovering around $170 million, which is a minuscule number compared to the total locked value of the whole crypto market[1]. They need more than airdrops and meme tokens to encourage people to lock their wealth on-chain.
[1] https://defillama.com/chain/TON
Over the past year, hundreds of projects have launched on various blockchains with Solana been the most popular one but i noticed only few projects have launched on Ethereum and i’ve been wondering what the reason could be.Eth's fees are higher than other platforms like Bnb and Sol, and its ecosystem is already very diverse, so there aren't as many opportunities for new projects anymore. Meanwhile, Bnb and Sol still offer opportunities for many new projects, and they also support memecoins, which is why we have millions of memecoins in the market.
Surprisingly, more projects are launching on BSC lately which is great because to me it has always seemed like a “standalone” blockchain. I noticed the same with Sui, it seems these blockchains have a lot more to show this year.
What exactly brought this up was when i saw this project Stakestone was set to launch on Ethereum and i realized only few launches have occurred on the blockchain. In your opinion, what do you think could be the reason.
ETH is still a big giant in DeFi, the entire market is under uncertainty ETH is been underperforming for quite a long time, but we cant neglect the facts still about the ETH, Maybe someday any other Blockchain can flip with ETH in position but for now it's the lone wolf.(https://talkimg.com/images/2025/04/04/lprR8.png)
The main reason is of course because basically the network on Ethereum is already like the hype period has been left behind. Now what is popular is Solana, right? So, this will not be like the old one anymore. For various reasons, especially with the small fees for transactions, and the hype of Solana, there are many new projects launched on the Solana network. And this is not a new thing when various new projects finally flock to move to a new blockchain that is more hype, because it will also be easier to be popular, network more communities, and can also be easier to reap profits for developers and teams.
...founders are no longer fixated on Ethereum as the only game in town. It's about the narrative people want to follow, not about technology anymore. Ethereum's story is too mature, too sluggish, too cautious right now, but yet essential
There are still other crypto projects that are new here in this crypto space. That's probably why one of the main reasons why they don't choose the network underWe know that ethereum is also the best profitable crypto in cryptocurrency world. I think that gradually ethereum price and popularity will increase in cryptocurrency world. But if we follow in cryptocurrency market, we can see that few project launch in ethereum.
ERC20 is the high or far gap in gas fees, if we compare it to other onchain networks.
What is the cheapest thing nowadays for you to make coins either if it's crypto or meme coins, right? We all know that the cheapest is always under the Solana network
and we've witnessed and seen that until now.