> Most people have still never even heard of Ethereum
This statement was true in 2016, 2018 and 2021. The difference being the momentum - a LOT more people have heard of Ethereum now than back then. I think you might be underestimating the network effect that Ethereum has in the space. All the tooling, beginner-friendly tutorials/books/blogs, institutions and funds flowing into the projects, the sheer number of people working on projects is super impressive.
For anything else to catch up with Ethereum, it's going to take a lot more than "being better technologically". Ethereum currently does have major scaling issues but the community is converging on the "rollups" Layer-2 solutions [1] as a temporary option until it gets added into Eth2. So I suspect the next few months will be a little rough but things like Matic.network or Optimism will start maturing.
I just think it's similar to some of the earlier internet days like shopping online or sending emails - in its early days most people did not know much about these concepts except for the tech community and early adopters.
This statement was true in 2016, 2018 and 2021. The difference being the momentum - a LOT more people have heard of Ethereum now than back then. I think you might be underestimating the network effect that Ethereum has in the space. All the tooling, beginner-friendly tutorials/books/blogs, institutions and funds flowing into the projects, the sheer number of people working on projects is super impressive.
For anything else to catch up with Ethereum, it's going to take a lot more than "being better technologically". Ethereum currently does have major scaling issues but the community is converging on the "rollups" Layer-2 solutions [1] as a temporary option until it gets added into Eth2. So I suspect the next few months will be a little rough but things like Matic.network or Optimism will start maturing.
[1] https://ethereum-magicians.org/t/a-rollup-centric-ethereum-r...