Vitalik just admitted what builders knew for a year.
ETH L1 is scaling fast enough that generic rollups don't add value anymore.
~$40B secured across L2s but Arbitrum ($16B) and Base ($10.8B) hold 65% of it. The rest are fragmented, stuck at Stage 0/1, no real path to Stage 2.
Only L2s that do something ETH will survive.
@base figured this out early. @megaeth is building for this future. Everyone else is just noise!!!
h/t to @l2beat for infographics
vitalik.eth
@VitalikButerin
02-03
There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts:
* L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected
* L1 itself is scaling,
L2s are coming to an end
L2s which aren't adding any value are*
From Twitter
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.
Like
Add to Favorites
Comments
Share
Relevant content
