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L2s are the home of Ethereum's onchain economy. A lot of you are underestimating what that means over the long-term. In the coming years, I expect L2s to onboard millions of new users, driving massive amounts of value towards ETH the asset by expanding its use as money.
judging Ethereum use purely by gas fees is deeply flawed Ethereum blocks are continually full what has changed is people are not competing as much for L1 blockspace because we’ve provided much more of it much more cheaply on L2 what did you expect scaling to look like? https://t.co/aCpV1GTYsc
Breakpoint debate: This house believes that DePIN is overhyped and capital inefficient. Speaking FOR: @stephensonhmatt of Pantera Capital Speaking AGAINST: @abhay of Helium. https://t.co/tJgLmKXqnq
Ethereum remains a dominant force in the decentralized finance (DeFi) sector, outpacing competitors such as TRON and Solana. Recent developments, including the Dencun upgrade, have led to lower gas fees, which now stand at less than a dollar, making transactions cheaper and more appealing to developers and Layer 2 (L2) users. Despite a slight inflation rate of 0.3% per year and a sharp revenue decline, Ethereum continues to see full blocks and a shift in competition for blockspace to L2 solutions. This has sparked a debate on whether L2s should be considered part of Ethereum. Meanwhile, the launch of Atlas, a new SVM/Ethereum hybrid blockchain designed for financial applications, marks a significant development in the blockchain space.