Will L3s put ‘Ethereum’s security at risk’? Polygon CEO weighs in

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Degen Chain success sparked debate on L3s with Polygon Chief citing them as a security risk to Ethereum and could affect ETH's value too.

stated“I’ll say the quiet part out loud: L3s exist only to take value away from Ethereum and onto the L2s on which the L3s are built.Boiron’s criticism comes a few days after meme mania, through Degen Pepe , engulfed the Degen Chain, an L3 on Base that leverages Arbitrum’s Orbit Chains., with over $130K active addresses and over 4 million transactions.Degen Chain’s impressive performance in less than a week has attracted debate across Crypto Twitter .

However, he maintained that interoperability protocols like Polygon’s Aggregation Layer can solve most of the problems L3s aim to address.

 

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