• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Nick Tomaino: Ethereum L2 as Catalysts for Ether

Nick Tomaino: Ethereum L2 as Catalysts for Ether

user avatar

by Giorgi Kostiuk

a month ago


Nick Tomaino, founder of the venture fund 1Confirmation, shared his thoughts on how Ethereum Layer 2 (L2) positively impacts the Ether (ETH) price. He noted that skeptics are mistaken in believing that L2s siphon liquidity away from the main chain. The article presents the key arguments against this perspective.

Positive Impact of L2 on Ether

Tomaino asserts that Ethereum L2s are generally positive for Ether, as evidenced by his recent post on X (formerly Twitter). He suggests that the current wave of L2 adoption strengthens Ethereum's status as an internet-native store of value.

Coinbase Case and App-Specific Chains

Tomaino cited Coinbase, the leading U.S. exchange that generates significant revenue from ETH. He discussed how Coinbase has developed an app-specific chain based on Ethereum, thereby promoting L2 technologies to its advantage. According to Tomaino, app-specific chains are the endgame for major crypto applications.

ETH Token Burning Through Ethereum Activity

According to Tomaino, the EIP-1559 protocol enables activity in Ethereum-based blockchains to contribute to the burning of ETH tokens. This is an important factor that debunks the myth that L2's success negatively affects Ethereum and Ether.

Overall, Tomaino and his followers agree that the adoption of Ethereum L2 plays a positive role in the Ethereum ecosystem, enhancing its position as a reliable and stable asset.

0

Share

Other news

PEPETO and PEPE: New Stars of Memecoins

Memecoins PEPETO and PEPE attract investor interest due to their unique features and growing popularity.

user avatarGiorgi Kostiuk

12 minutes ago

Top Meme Coins for 2025: Arctic Pablo Coin, Bonk, and Gigachad

An overview of three emerging meme coins that may gain popularity in 2025: Arctic Pablo Coin, Bonk, and Gigachad.

user avatarGiorgi Kostiuk

13 minutes ago

Arctic Pablo Coin and Other Meme Coins in the Spotlight: What's Next for the Market?

An overview of current trends in the cryptocurrency world focusing on Arctic Pablo Coin, Dogwifhat, and OFFICIAL TRUMP.

user avatarGiorgi Kostiuk

18 minutes ago

AAVE: Token Continues Rally, Hitting $312

The AAVE token has risen 180% since April, reaching $312 amid network growth and rising investor demand.

user avatarGiorgi Kostiuk

18 minutes ago

Shiba Inu (SHIB) Sees Significant Drop in Large Holder Activity

Shiba Inu (SHIB) has experienced a 92% drop in large holder inflows over the past week. Current price around $0.00001316.

user avatarGiorgi Kostiuk

19 minutes ago

Airdrops in DeFi: Key Factors for Growth and Challenges

Airdrops are becoming important tools for driving the growth of DeFi platforms, attracting new users and increasing liquidity.

user avatarGiorgi Kostiuk

19 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.