Here’s ‘Ethereum’s biggest problem with L2s’

is number four in terms of Total Value Locked .L2s were designed to enhance Ethereum scalability, but the space is overheated at the moment. According to Marc Boiron, CEO of“Ethereum’s biggest problem is cannibalizing itself continuously via all L2s competing over devs, users and liquidity rather than competing outside of the Ethereum ecosystem.”L2s were Vitalik Buterin’s roadmap to solving the Ethereum scaling problem.

Boiron sees the problem as extending to competition between users and developers, too. The overheating in the space just makes it worse., a digital asset manager firm, fixing the Ethereum fragmentation problem could improve user experience, share liquidity, and “bridge-less bridging.” Some L2s have opted for interoperable roll-up protocols to address these issues. Polygon has its Aggregation Layer , while Arbitrum has Orbit as Optimism leverage its Superchain.

However, the CoinShares report notes that despite these interoperable protocols, the issue still remains due to different technical approaches,However, other

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Ethereum-killer’ Solana’s co-founder supports EthereumThe SEC's recent probe into Ethereum has stirred speculation amid a 4% decline in Ethereum's value over the past week.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Ethereum’s Dencun fuels 5x hike over $25 billion – All you need to knowThe volume of assets bridged from Ethereum to the L2s has jumped dramatically in the first three months of 2024.
Source: CryptoAmb - 🏆 22. / 68 Read more »

US SEC is reportedly gearing up to classify Ethereum (ETH) as a securityEthereum (ETH), the second largest cryptocurrency in the market, seems to have finally fallen under the radar of the US Securities...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Ethereum: $4.2 million in liquidations will have this effect on ETH pricesOver the course of the last 24 hours, the DeFi sector witnessed liquidations of ETH totaling $4.27 million.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Ethereum Foundation Gets SEC Scrutiny in Latest Crypto CrackdownThe US Securities and Exchange Commission has demanded information from companies about dealings with the Ethereum Foundation as part of a review of aspects of Ether — the world’s second-biggest cryptocurrency, according to people familiar with the matter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »