Chalom highlights Ethereum’s decentralization profile
According to ChainCatcher, Sharplink Co-CEO and former BlackRock executive Joseph Chalom said Ethereum has a decentralization advantage that Solana cannot match. His argument centered on two headline metrics: Ethereum has more than 900,000 validators and more than 1 million developers. In his framing, these figures reinforce Ethereum’s position in terms of network resilience, ecosystem depth, and long-term structural strength.
Electric Capital data points to Ethereum’s developer depth
Data cited from Electric Capital shows that 1,012,824 developers have contributed code to Ethereum. Over the past 12 months, around 232,000 developers remained active. In competitive analysis across smart contract ecosystems, developer participation is closely watched because it signals the pace of protocol upgrades, tooling expansion, infrastructure development, and application growth. Chalom used these figures to argue that Ethereum’s developer base remains meaningfully ahead in scale.
Comparison with Solana focuses on validator count and client concentration
Chalom also drew a direct comparison with Solana. He said Solana has fewer than 800 validators, while 92% of them run on the same client. That comparison puts the spotlight not only on the difference in validator count, but also on client diversity as a decentralization metric. The report further stated that, as of late June, Sharplink held 886,725 ETH, indicating the company has a sizable Ethereum position alongside its public comments on the network.