Why Are There No Big DApps on Ethereum?

Key Points

1. Ethereum's infrastructure lacks the throughput to handle the scale of services like Facebook, eBay, or Amazon, which process billions of transactions or uploads daily.

2. Economic models for decentralized platforms struggle with high transaction fees, making applications like marketplaces for used goods or social networks impractical.

3. Fragmentation across Layer 2 solutions (e.g., Arbitrum, Polygon) undermines the vision of unified global computing, limiting interoperability.

4. Early Ethereum proponents, including Vitalik Buterin and Gavin Wood, envisioned a decentralized web replacing centralized services, but technical limitations have hindered this vision.

5. Zero-knowledge proofs and new scalability solutions (e.g., Psy Protocol) are emerging to address these challenges, aiming to enable high-throughput Web3 applications.