#RiskAssetsMarketShock
Vitalik Buterin (co-founder of Ethereum) recently said that because Ethereum’s fees have become very low, most simple Layer 2 chains no longer have a clear reason to exist.
CryptoSlate
Layer 2 chains were originally meant to make Ethereum much cheaper and faster.
CryptoSlate
But now Ethereum itself costs almost nothing to use, so that main reason is gone.
EGW.News
Vitalik says that if a Layer 2 doesn’t do something special (like privacy, super-fast transactions, or unique features), it shouldn’t call itself an “Ethereum scaling chain.”