Ethereum Needs to Try Harder To Keep Its Dominance in a Multichain Future

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Ethereum (ETH) is not the only smart contract platform in town. While it certainly has a first-mover advantage in its quest to become a decentralized universal computer, there are a growing number of other chains also offering the infrastructure for running decentralized apps (dapps), and some of these appear to be eating substantially into Ethereum’s share of the pie.
The recent emergence of blockchains such as Binance Smart Chain (BSC), Solana (SOL), Cardano (ADA), Cosmos (ATOM), Polygon (MATIC), and Internet Computer (ICP) (to name a few) raises a question, however. Can such blockchains and platforms peacefully coexist in a ‘multichain ecosystem’, or are we likely to see consolidation around a few dominant networks as the industry matures?
According to industry observers, we’ll see a multichain future, even if a handful of platforms will grow larger than others. But while most imagine that Ethereum will continue to play a leading role in the ecosystem for some time to come, others are warning that it needs to solve its gas problem quickly or else fall behind newer rivals. Source