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Polygon CEO debates L3 network utility, Degen Chain makes millions

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by A1

7 months ago


The Polygon Labs CEO expressed concerns about the value distribution that Layer-3 networks bring, arguing that they exist primarily to divert value from Ethereum to the Layer 2 networks on which they are built. Boiron emphasized the sufficiency of L2 scaling solutions for Ethereum's requirements and suggested that L3s could pose risks to the security and value capture mechanisms of Ethereum. Despite the ongoing discussion about the benefits and drawbacks of Layer 3 technologies, they are seen as a crucial element in scaling and enhancing blockchain ecosystems, with various protocols such as Orbs, Xai, and zkSync Hyperchains exploring their capabilities.

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