There's room enough to grow, with the current tech we could overtake Ethereum.
Some may laugh when I say that but comparing the progress of both projects, it's not a question "if" but "when" we will reach that.
To really overtake Ethereum is a long way to go. Ethereum, as the first project that introduced smart contracts, profited very much from the ICO hype we had in Q3/4 of 2017. Basically all the ICOs back then were on the Ethereum blockchain. For Waves to have a similiar success we need more projects that use the Waves platform for their tokens.
Indeed, a lot needs to happen for Waves to come even close to Ethereum, but the good thing is, a lot IS happening. Releases are following each other up day by day and the platform is continuously growing. Now more products are being delivered it can be put into the hands of a lot more people, who in turn can do cool things with it. Hopefully we will see the results of this in the coming year.
Nice to see things happening!