Ethereum, in my opinion, has become hostage to its advantages and disadvantages. What is the essence of this:
- The problem of network speed and the cost of transactions, these are disadvantages, disadvantages of which it is not yet entirely clear how to solve.
Indeed, ethereum has disadvantages, but devs are still on that without any rushing to solve those within short period of time. Hopefully, you're already aware of the upcoming hardfork London hardfork which will implement the EIP1559 to solve the network speed and cost of transections. Also, ethereum already back to its previous lowest gas price level recently even without the EIP1559 and it'll be more lower from current gas price when this hardfork will be done which might happen in this month. So lets just wait for that hardfork to be implemented. - The problem of network speed and the cost of transactions, these are disadvantages, disadvantages of which it is not yet entirely clear how to solve.
Yes, I agree with that. But there are nuances. The nuance is that for example 3-4 years ago Ethereum had no competitors. Not at all. And at this time it was possible to experiment as desired - the market participants simply had nowhere to go. Now the situation has changed a lot! There are a lot of projects on the market that support smart contracts, using the same development language, faster and more functional, which NOW has no problems that Ethereum is only trying to solve (without guarantees that they will be solved). And in this situation, the question is not of competition, but of real survival.