Why do few projects launch on Ethereum blockchain ?

[Z-crypt]

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.

[slapper]

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 technology

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

[Kemarit]

There are several that I can think of,

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

[Z-crypt]

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 technology

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

You 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.

However, i wouldn’t blame them though as we are all in this space for more profits but it’d be great if more investors are interested in projects built for longevity in the ecosystem. Since Ethereum is more established, i would be on the lookout for Stakestone performance as i heard it’s native token will go live on Bitget soon. Hopefully, we get to see more projects with long term potential as time passes.

[Z-crypt]

There are several that I can think of,

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

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.

[ABCbits]

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.

[gunhell16]

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 under
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.

[tabas]

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.

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.

[Baofeng]

Yeah, it's most likely the fees and the speed that makes other project look for a better alternative right now. And this could be the reason why prices continue to decline and there's no sign that Ethereum will make a run.

Probably they didn't anticipated this, and thought that even with their development, developers will choose them. But it's very different now with also a lot of Ethereum killer.

[Kemarit]

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.

Yes, I think ever since Layer 2 was rolled out, new projects chooses this network to implement on whatever Dapps they released because of cheaper gas fees and faster TX confirmation.

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.

[ABCbits]

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.

IIRC other cryptocurrency network "solve" low TPS and high gas/TX fee issue simply by increasing maximum size of the block, which means more centralization and higher cost just to run the node. I guess ETH doesn't want to head to that direction.

[hugeblack]

There are many reasons, the most important of which could be:
High fees.
The continued decline in the price of Ethereum.
Lack of hype.


If the hype returns, the price rises, and fees decrease, I'm certain projects will return to Ethereum.

[enwi]

As we can also see there is a powerful tendency of developers to choose a network according to the speed and its compatibility with the nature of the project that has to be developed. Ethereum which was referred as a pioneer may not be preferred more often for the launch since it has a more complex infrastructure character and more time taken to execute a denser pattern. Other networks although relatively slower are gradually making their way to the market because in development they ease the process and especially at the time of the start. When there is a net that reacts quicker to the market demands than the hierarchal structure, then there is no surprise that many new projects are inclined to it. However, the presence of certain projects which still belong to Ethereum might indicate that there is a new area that they would like to regain amidst this shift of trend.

[Hamza2424]

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.

Projects Lunch is not worth considering for the analysis to compare any blockchain with others; successful projects should be taken into account. 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?

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.

[joniboini]

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