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The development of Layer 2 solutions on the Ethereum blockchain aims to leverage substantial ETH liquidity and reduce the need for individual consensus mechanisms. L2s seamlessly extend the Ethereum ecosystem from Layer 1, allowing easy bridging of ETH between layers. The use of L2s simplifies the user experience by maintaining the same public/private keys across layers, with wallets like Rabby and Coinbase Wallet facilitating asset management. Despite the rise of meme coins on Layer 3 and skepticism towards higher layers like L3, the adoption of Ethereum L2 is increasing significantly, driven by its utility in decentralized exchanges and the deflationary nature of ETH.
Just got rugged on an L3 memecoin and never felt more alive
it's not hard to understand: - L1 + L2s take off with DEX volume - most of that activity is denominated in ETH - L1 still burns ETH and keeps ETH deflationary ETH has real, fundamental, cross-cycle value if you don't understand it, don't worry- Larry and ETF buyers will
as long as these are the wallets selling 10 ETH clips we're going to be here for a minute https://t.co/yQ2SGAj2hk
