Yakovenko, the co-founder over at Solana, he’s got a beef, a real problem with these Layer-2 rollups. L2s, he says, are riding on Solana’s, or any Layer-1’s, coattails.
They lean on the big boys for data, see? And then you got these fraud proofs, multi-signature updates, it’s a whole thing.
There is no reason to build an L2.
L1s can be faster, cheaper, and more secure.
They aren’t slowed down by a glacially moving L1 data availability stack, or have to compromise security with complex fraud proofs and upgrade multisigs. https://t.co/Ov3YAfz9U4
— toly 🇺🇸 (@aeyakovenko) March 23, 2025
Fragmentation?
Solana, on the other hand, this guy claims, is like a well-oiled machine. Execution, data, all separate, all efficient. He even scoffs at Solana’s data generation, calls 80 terabytes a year measly.
And he’s warning people, don’t go building these L2s for nothin’. Just launch a token, he says. Cut out the middleman.
This Yakovenko, he’s saying Solana can go toe-to-toe with any Ethereum L2. Not Ethereum itself, mind you, but all those little L2s popping up like mushrooms after a rain. What’s the point of so many, he asks?
One good L2 should be able to handle everything, parallel execution, the whole shebang.
And these L2s, he figures they’re just leeches, sucking the life out of Layer-1, pushing their own ecosystems.
Too much Ethereum?
But hold on a second. Over in Ethereum land, this Lubin guy, a co-founder himself, he’s singing a different tune.
He’s all about L2 scaling networks, says that’s Ethereum’s future. Linea, MegaETH, these are the names he’s dropping. Faster, cheaper, that’s the promise.
Lubin’s banking on Ethereum’s security, the fact that these L2s are building on a solid foundation. But back in March, they did an upgrade, Dencun, and transaction fees dropped like a stone, 95% gone.
Great for L2s, sure, but Ethereum’s base-layer revenue? Down 99%. Now, there’s, like, 140 scaling solutions and 60 roll-up networks on Ethereum. Is that good? Too much? It sounds too much.
Changes
And get this, some people are saying Ethereum ain’t so open anymore. Gotta jump through KYC hoops to get your ETH, they say. No built-in privacy, either.
A surveillance world, this one guy calls it. But then another guy jumps in, says, “Nah, it’s still permissionless, different levels of privacy.” This is getting complicated.
And here’s a twist, a ton of ETH, over a million, has been pulled out of exchanges recently. Centralized exchange reserves, they’re shrinking.
What does it all mean? Supply shock? Maybe. Either way, things are interesting more and more.
Have you read it yet? The people have spoken, delisting vote is coming on Binance
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