#L2 Short-Term Competitive Ethereum#

The current analysis of the short-term competition between L2 and Ethereum mainly focuses on the following points:First, L2 will indeed compete with Ethereum L1 in the short term, as many workloads originally on L1, such as NFTs, trading, DeFi, and gaming, have moved to L2, leading to a decrease in fee generation and burning on L1.Second, L2 is the only way for the Ethereum ecosystem and ETH assets to compete with a large number of new L1s. While most users don't care about decentralization in the early stages, L2 can allow Ethereum to remain highly decentralized while providing fast and cheap transactions, thus competing with other L1s.Finally, in the long run, L2 will be beneficial to Ethereum and become a way for Ethereum to defeat many emerging L1s. L2 will be able to serve so much traffic that Ethereum will generate more fees in the future than it did before L2 emerged.In conclusion, the relationship between L2 and Ethereum L1 is not a zero-sum game, but rather a mutually beneficial one. L2 will reduce L1's value accumulation in the short term, but in the long run, L2 will help Ethereum remain competitive and ultimately drive the prosperity of the entire Ethereum ecosystem.