Ethereum Founder Vitalik Buterin: Affordable Layer 2 Technology Key to DeFi Adoption

On September 16, 2023, Ethereum co-founder Vitalik Buterin posted on X that Layer 2 (L2) technology has finally become affordable, a crucial factor for the widespread adoption of decentralized finance (DeFi). Buterin had previously stated in 2020 that low transaction fees were fundamental for the success of the cryptocurrency industry. This has only recently become a reality.

MultiverseX core engineer Robert Sasu responded, arguing that L2 currently only offers low fees in centralized scenarios.

Buterin disagreed with this perspective, highlighting Taiko as a decentralized based rollup solution. This indicates that the fees of decentralized L2s like Taiko have already reached an acceptable level.

Sasu agreed with Buterin's point but added that rollup-based solutions are still a minority. He expressed hope that more projects will migrate to this architecture.