Is Ethereum really the best blockchain to form a DAO?

While Ethereum is still the king among DAOs, rival chains like EOSIO and Solana are arguably better suited and are making a push for more users.

Ethereum’s leg up over the rest may be due to simple, yet practical reasons, according to DAO tracker DeepDAO CEO Eyal Eithcowich in emailed responses to Cointelegraph. He attributes Ethereum’s dominance to the fact that it is “the chain where the DAO movement started.”

“More importantly, the most mature ecosystem in terms of tools for starting and managing all facets of DAOs, mostly financial but not only. This may change as other chains grow in popularity.” On the other hand, he pointed to high gas fees as a shortcoming of Ethereum. He added that Solana allows DAOs to make fast and cheap transactions, “But, again, the supporting features and tools in the ecosystem are less robust.”

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