Crypto

Did L2s break Ethereum’s ultrasound money?

Ethereum’s best marketing line was that using it destroyed it, that every transaction burned ETH and shrank the supply. Then the network solved its scaling problem, activity fled to layer 2s, and the burn collapsed. The scaling worked. The scarcity…

Ethereum’s best marketing line was that using it destroyed it, that every transaction burned ETH and shrank the supply. Then the network solved its scaling problem, activity fled to layer 2s, and the burn collapsed. The scaling worked. The scarcity…

Source: https://crypto.news/ethereum-ultrasound-money-l2-burn-broken/