I also know that Solana had frequent outages and issues where they could resolve their transaction sequence, because their hardware and connectivity requirements make it prohibitive for "casual enthusiasts" to run a node.
And if "initial investors are also contributors", then you are just parroting the "Ethereum is pre-mined" from Bitcoiners, and we can safely end the discussion here.
I didn't mention Algorand because its overall network is a blip compared with Ethereum and Solana in any metric, and it can barely be considered as Battle-Tester in a "real world" scenario.
If doing DeFI on Algorand is so much better/cheaper than on Ethereum, then why is it only 1/500th of Ethereum's size?
Mind you, it seems that this calculation is not attributing "bridged" TVL as related to the chain size and activity. If it were, there are 330 Billion USD that depend on Ethereum's base layer security.
And if "initial investors are also contributors", then you are just parroting the "Ethereum is pre-mined" from Bitcoiners, and we can safely end the discussion here.