This is an interesting topic to think about. Imo, L2s are definitely taking advantage over L1 and I wrote a lot about it previously. But at the same time, it's what makes Ethereum so attractive to large fintech players. In my book, being taken advantage of is not something to brag about, but at the same time the ecosystem is objectively growing. I think that now, Ethereum is in a great position because it can start implementing proposals that help with L1 value accrual and tighter L2s' integration, after all the institutions and large players have opted in. This is how most startups capture their market share. It's great that it happened with Ethereum, it's bad it happened unconsciously, leaving a huge amount of uncertainty going forward as the community hasn't reached a consensus.
david phelps
david phelps6.7.2025
the ethereum roadmap after capitulating to the idea that L2s are parasitic and then discovering, moments later, that robinhood and stripe are launching… L2s
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