In a recent post on X, Polygon CEO Marc Boiron expressed his views on the rising popularity of Layer-3 networks (L3). Boiron criticized the need for L3s in enhancing Ethereum's scalability, suggesting that they could potentially overload the ETH network.
The CEO emphasized that Layer-3 networks primarily function to siphon value from Ethereum and redirect it to the Layer-2 platforms they are constructed on. He argued that scaling does not necessarily require the presence of L3s and, for this reason, Polygon Labs focuses its efforts elsewhere.
While recognizing the significance of Layer-2 networks within the Ethereum ecosystem, Boiron disputed the notion that L2 value is equal to Ethereum's value. He warned against merging all L3s into a single L2, cautioning that such a move could devalue Ethereum, jeopardize its economic stability, and pose security risks to the network.
It should be noted that the opinions expressed in this post do not constitute investment advice.
