In a spicy conversation with Bankless co-founder David Hoffman, Uniswap CEO Hayden Adams laid it out: Ethereum can’t afford indecision anymore.
Solana is sprinting ahead. Ethereum’s only shot at winning the DeFi race? Commit to Layer 2 scaling — and stop second-guessing it every few months.
Hayden didn’t mince words:
“If you’re trying to scale DeFi on Ethereum Layer 1 — Solana is the better bet.”
Why? Because Ethereum L1 is expensive, slow, and congested. Meanwhile, Solana is doing laps with cheap, fast transactions and an ecosystem growing like weeds.
Ethereum’s been investing in L2 scaling for over five years, and now that it’s working, some devs want to pivot back to L1?
“That’s not strategy — that’s chaos,” says Adams.
The core problem, according to Adams, is narrative flip-flopping. One week it’s L2. The next, L1 supremacy. The next, appchains. No one knows what to build for — or how to plan.
“Waffling between every possible option is worse than choosing the wrong one.”
Adams’ message: stop hedging. Double down on L2, where actual traction is happening.
David Hoffman pushed back — a bit.
He agreed the roadmap should be rollup-centric, but argued that L1 still matters. For Hoffman, L2s are the future, but L1 is the secure, composable foundation that should never be neglected.
Call it “both/and” — but Adams says it’s time for “go hard or go home.”
Back in January, Vitalik Buterin reaffirmed Ethereum’s future is “L2-first.” But he didn’t ignore the growing pains:
So even Vitalik admits: L2 is the future, but not fully ready.
In April 2025, Ethereum dropped a simplified roadmap:
TL;DR: L2 is the focus, but L1 isn’t going away. Still, the signal is clear: Ethereum wants to go up the stack — and fast.
Most devs and DeFi leaders back the L2-first approach — but warn that unless Ethereum tightens its messaging and execution, Solana might run away with the market.
And with Base, Arbitrum, Optimism, and ZK tech all moving quickly, the window to own Ethereum DeFi at scale is closing fast.
L2 or bust. The time for hedging is over.
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