Ethereum Layer 2 Story

[slapper]

Recently I've been thinking a lot about this question: are L2s good for Ethereum in the long run? Yes, users do get cheaper gas, faster purchases, and more activity, but at what cost to the network itself?

Base made nearly $100M since Dencun, paid Ethereum under $5M. It's a 95% margin. In the meantime, Ethereum keeps everything safe but doesn't get paid much. It’s like hosting a party and being charged for the drinks

Sequencers are stored in one place. Hacks have taken place. Price of ETH is falling. And now some people are talking about L2 taxes or “voluntary revenue share”. Users might migrate to Solana or somewhere else if they push too hard, though

Then, is this extraction or just the way the market is changing?
Would you like Ethereum to be stricter or more flexible?
Is anyone else concerned that Ethereum may end up being the unfunded backend?

[rdluffy]

ETH's L2 layers have their advantages and disadvantages for ETH in general
It has taken a lot of load off ETH's own network, but it has also taken a lot of money in fees

An important fact to bear in mind is that users use L2s a lot for two reasons:
1 - cheaper fees
2 - possible airdrops

As soon as an airdrop takes place, the networks lose a lot of TVL and users, it drops drastically and the money rotates to the next networks

If ETH increases the fees for these networks and decreases its own fees for users, I believe that many will return to the main network