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#L2 Short-Term Competitive Ethereum#

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Hot Topic Overview

Overview

Currently, L2 is in competition with Ethereum L1 in the short term, as many workloads that were originally done on L1 (NFTs, trading, DeFi, gaming) have moved to L2, resulting in reduced fees generated on L1. However, in the long term, L2 is seen as the only way for the Ethereum ecosystem and ETH assets to compete with a large number of new L1s. L2 provides a way for Ethereum to remain a highly decentralized platform while still being able to support fast and cheap transactions that can compete with alt-L1s. While L2 may reduce value accumulation on L1 in the short term, in the long term, L2 will be beneficial to Ethereum and will be the way for Ethereum to beat many emerging L1s.

Ace Hot Topic Analysis

Analysis

Current analysis of L2 short-term competition with Ethereum suggests that L2 will indeed compete with Ethereum L1 in the short term, as many workloads that were originally on L1 (NFTs, trading, DeFi, gaming) have moved to L2, leading to reduced fees on L1. However, in the long term, L2 will be the only way for the Ethereum ecosystem and ETH assets to compete with a large number of new L1s. L2 can provide Ethereum with a way to remain a highly decentralized platform while still being able to support fast and cheap transactions that compete with alt-L1s. Ultimately, L2 will serve so much traffic that the fees generated by Ethereum will exceed those generated before the emergence of L2, helping Ethereum defeat many new L1s.

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Public Sentiment · Discussion Word Cloud

Public Sentiment

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Discussion Word Cloud

Classic Views

L2 will compete with Ethereum L1 in the short term, as many workloads have moved to L2, resulting in lower fees on L1.

L2 is the only way for the Ethereum ecosystem and ETH assets to compete with a large number of new L1s, as L2 can provide fast and cheap transactions while maintaining Ethereum's high decentralization.

In the long run, L2 will be beneficial to Ethereum, as L2 will serve so much traffic that the fees generated will exceed those generated before L2 appeared.

L2 will be the way for Ethereum to beat many emerging L1s.