As reported by CoinEdition, Arthur Hayes, co-founder of BitMEX, predicts that most Layer-1 blockchains outside of Ethereum and Solana will fail, with many expected to crash by 99%. He argues that institutions will adopt Ethereum as their primary public blockchain for Web3 due to its security and real-world usage. Hayes criticized new L1s like Monad for lacking real use cases and user activity, calling them 'zeros.' He also noted that Ethereum's price is currently near $3,000 and could rise if it breaks through the $3,100 resistance level.
Arthur Hayes Predicts Most L1s Will Crash Except Ethereum and Solana
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