Arthur Hayes, co-founder of BitMEX, forecasts a grim future for most Layer-1 blockchains, predicting a 99% crash for many, excluding Ethereum and Solana. Hayes believes institutions will favor Ethereum as the primary public blockchain for Web3 due to its security and practical applications. He criticized newer Layer-1 projects like Monad for lacking substantial use cases and user engagement, labeling them as 'zeros.' Hayes also highlighted Ethereum's current price near $3,000, suggesting potential growth if it surpasses the $3,100 resistance level.