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Are layer 2s good for Ethereum, or are they ‘extractive?’

cryptoweekly by cryptoweekly
May 8, 2025
in bitcoin, News
0

Has Ethereum been too complacent about fees? It no longer has the “luxury of being a peace-time research project,” said one conference panelist.

Layer 2s have been a great blockchain success story. They’ve reduced congestion on the Ethereum mainnet, driving down gas fees while preserving security.

But maybe they’ve become too successful, drawing chain activity and fee income from the parent that spawned them? At least that’s what some are suggesting lately, most recently at Cornell Tech’s blockchain conference in late April.

Indeed, some think Ethereum should be a little greedier, or at least fight harder for a bigger part of the revenue pie, particularly sequencing fees. 

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  • ‘Bitcoin Family’ revamps security after crypto crime wave
  • Bitcoin can liquidate $15B in shorts with 10% BTC price uptick — Data
  • Japan introduces revised ‘crypto-friendly’ Payment Services Act – What should investors expect?
  • Dubai real estate sales hit $18B in May amid tokenization push
  • Tether CEO snubs IPO, says $515B valuation is 'a bit bearish’
  • Bitcoin core devs' joint statement sparks heated debate among Bitcoiners
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