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Ethereum sentiment is at rock bottom. We’ve heard it all recently: > L2s are parasitic to L1 > L1 can’t scale > Vitalik isn’t a good leader > We don’t need more L2s > Ultrasound money was a lie > EF is selling loads of ETH monthly > The roadmap is off track > No one knows how…
TOO EARLY TO CALL ETHEREUM L2s ‘CANNIBALISTIC’? So, Sygnum Bank's Katalin Tischhauser is vibing on the idea that we shouldn't panic about Ethereum’s layer 2s gobbling up the mainnet's cash flow. Daily fees are sitting between $1 million and $5 million, way down from the $30… https://t.co/fGiYkoqbCt
SYGNUM BANK SAYS IT’S PREMATURE TO CALL ETHEREUM L2s ‘CANNIBALISTIC’ Sygnum Bank’s Katalin Tischhauser believes concerns that Ethereum’s layer 2 solutions are harming mainnet revenue may be premature. Daily Ethereum fees have dropped to between $1 million and $5 million, down… https://t.co/IKjXQuDn2B
The Ethereum community is facing significant challenges, as sentiment among investors reaches a low point. Various stakeholders have expressed concerns about the platform's performance and the perception of its leadership. Some believe that the underperformance of Ethereum (ETH) is attributed to investor misinformation rather than inherent flaws in its execution or design. Katalin Tischhauser from Sygnum Bank has suggested that fears regarding Ethereum's layer 2 solutions negatively impacting the mainnet's revenue may be premature. Daily fees on the Ethereum network have decreased significantly, currently ranging between $1 million and $5 million, down from a high of $30 million. The ongoing debates within the community highlight the need for better communication and understanding of Ethereum's challenges and opportunities.