According to Foresight News, Nick Tomaino, founder of 1confirmation, wrote that many people still believe Layer 2 solutions for Ethereum will harm ETH, but L2 helps drive crypto applications to become independent application chains, giving developers more autonomy, while distributing ETH and enhancing the EVM developer ecosystem. Additionally, increased L2 activity will lead to ETH being burned, thereby reducing supply.
1confirmation founder: L2's success is good for ETH
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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