Analyst: New projects are not popular on the L2 of Ether, but the effect is better on Solana.

Alliance DAO co-founder Qiao Wang recently shared his views on the Cryptocurrency market trends. He believes that most AltCoins have reached their cycle highs, but BTC and a few high-quality projects still have the potential for an upward trend. In addition, he pointed out that the performance of startups on Solana is significantly better than on Ethereum Layer 2, urging development teams to reconsider their platform choices. These comments have sparked discussions, with some investors questioning the concept of 'market cycles' and suggesting that the future trend of the Cryptocurrency market may be closer to traditional stock markets, gradually stabilizing rather than experiencing significant fluctuations. Furthermore, many users have raised questions about the 'high-quality AltCoins' mentioned by Qiao Wang, discussing the conditions that can drive these coins' outstanding performance and questioning whether there is still enough room for growth in the current market. Qiao Wang also shared his observations on the different Blockchain ecosystems in his latest podcast. He suggested that it is irresponsible for founders to develop products on Solana, as he has observed that the same startups lack trading and user activity on Ethereum Layer 2 but are much more active on Solana. The comparison between Solana and Ethereum Layer 2 has reignited the debate in the Cryptocurrency community. Supporters of Solana believe that the platform's technology is fast, cost-effective, and better able to meet users' practical needs, especially in exploring investment opportunities. However, critics point out that Solana lacks long-term projects that can attract stable liquidity, and many popular projects are only short-term trends or meme coins, raising doubts about its sustainability. Advocates of Ethereum Layer 2 argue that while the current user base and trading activity of the Ethereum Layer 2 ecosystem may not meet expectations, completely denying its potential is unfair. For example, projects like Base have started to attract users, demonstrating growth potential. Some even believe that with the upgrade of the Ethereum Mainnet, the role of Layer 2 may further evolve to become a key level in solving the scaling problem.