Meow, the founder of Jupiter, took to social media on June 13 to express concerns about the core issues plaguing Ethereum. According to Meow, the primary problem facing Ethereum is the disproportionate allocation of capital and incentives towards developing L2/3/4 solutions, with little to no incentives for creating large-scale utility and value on the core network. This, Meow believes, will perpetuate the division within the Ethereum community and capital in the foreseeable future.

Meow's concerns highlight the potential risks of prioritizing scalability solutions over building utility and value on the core network. The infrastructure development for SVM application chains and L2 solutions seems to be following a similar trajectory as early Ethereum L2 solutions. However, Meow notes that there is still more room for growth and development directly on Solana, unlike launching a new chain. Maintaining this dynamic will be crucial in determining the future of the situation.

Meow's comments also raise questions about the sustainability of the current approach to scalability solutions. If the competition for block space continues to increase, it will be interesting to observe whether Solana will face similar challenges. Meow's concerns emphasize the need for a balanced approach that prioritizes both scalability and utility on the core network.

The issues plaguing Ethereum, as highlighted by Meow, underscore the importance of addressing the root causes of scalability challenges. By prioritizing incentives for building utility and value on the core network, Ethereum can potentially mitigate the risks of division within the community and capital. Meow's comments serve as a reminder of the need for a holistic approach to solving scalability challenges.

In conclusion, Meow's concerns about Ethereum's core issues highlight the need for a balanced approach to scalability solutions. By prioritizing incentives for building utility and value on the core network, Ethereum can potentially address the root causes of its scalability challenges and ensure a more sustainable future for the community.