Ye Zhang, co-founder of Layer 2 Community Scroll, criticized the proposal to assert the Ethereum Layer-2 community. In a publish on X, Zhang described such a proposal as unhealthy for the long-term progress of the community.
Based on Zhang, imposing tariffs on Ethereum L2 to generate mainnet charges would undermine the way forward for the community. In his opinion, this technique is good just for centralized organizations, not for distributed networks like Ethereum.
He mentioned:
“The Tariffing L2S ​​is likely one of the most poisonous concepts for Ethereum’s future, buying and selling long-term scalability and ecosystem progress for short-term revenues.
Zhang’s feedback are available response to rising calls from some sectors of the Ethereum group that the community believes is struggling because the Layer 2 community extracts worth from the mainnet with out returning something. Those that maintain this view consult with the decline in mainnet actions and costs, at the same time as L2 values ​​develop.
Curiously, I’ve this view that features Andre Cronje, co-founder of Sonic (previously Fantom). Crypto entrepreneur Nic Carter criticised the surge in tokens at Ethereum as a supply of the decline in ETH’s worth.
Ethereum has seen the actions and price tanks since introducing blobs in 2024. At present, most actions and costs are incurred on the L2 community, and the mainnet solely serves as knowledge availability and cost layer. This has damage ETH considerably, with tokens down 43% this yr. Stakeholders, together with Ethereum co-founder Vitalik Buterin, have proposed that L2S assist L1, which has a better price.
ETH’s future is a precious retailer
However Chan believes that many individuals do not use the proper metrics to evaluate Ethereum. He mentioned Ethereum shouldn’t be valued by its income and exercise, because the community is just not meant to generate all the worth. As a substitute, it’s a hub that connects a number of ecosystems.
Chan mentioned:
“Measurement of the worth of ETH by Ethereum’s income will miss factors. The true energy of ETH is just not the protocol price. It’s to turn out to be a hub asset for 1000’s of roll-up ecosystems. That is the long run.”
In his view, the long-term potential of ETH is to turn out to be a retailer of worth belongings moderately than a daily cryptocurrency. He defined that this can solely occur if Ethereum continues to develop as a roll-up hub and will increase the adoption and use of ETH.
He mentioned:
“All of the aligned L2s develop the floor space and social consensus of Ethereum. 1000 scalable rollups with ETH as the middle> any monolithic chain.”
The founders of Crypto additionally famous that Ethereum was not designed to be a vertically built-in community like Solana, which has Sol as a serious asset however has restricted scalability. Subsequently, the worth of ETH is to turn out to be a dominant asset throughout all L2s, and its worth continues to extend as Ethereum continues to permit the L2 community moderately than extracting worth from them.
Nevertheless, Zhang warned that if taxes on L2 there’s a danger that the community will lose place. Others appear to agree with this view. Lurebian from X says Ethereum is now your best option for L2, nevertheless it might change should you impose taxes on these rollup networks.
