1confirmation founder Nick Tomaino stated in a post on X that there is no competition between Ethereum and other subsequent L1 ecosystems. Other projects cannot compare with it in terms of product innovation and native tokens as currency. He pointed out that the real competition is between Bitcoin (BTC) and Ethereum (ETH), where Bitcoin, as the "big brother", must be respected. Meanwhile, Ethereum has accumulated strong momentum in distribution through its L2 and L3 technologies and new Wall Street applications.