Odaily News Kyle Samani, managing partner of Multicoin Capital, recently elaborated in an interview on his views on the main challenges currently facing Ethereum. Samani pointed out that Ethereum faces two core problems: poor user experience due to poor interoperability of Layer 2, and loss of value capture due to outsourcing the execution layer to Layer 2. He believes that these two factors explain 80-90% of the recent poor performance of ETH. Samani questioned that Ethereum's excessive pursuit of decentralization and the number of validators has ignored user needs and financial functions. He is more optimistic about Solana's development path, believing that it focuses more on building an efficient financial infrastructure. Samani is skeptical about the prospects of Layer 2 solving Ethereum's problems, and believes that it is difficult to reach a unified standard among Layer 2. Although acknowledging that Ethereum has advantages in regulatory status and talent reserves, Samani believes that the system design limits the realization of these advantages.