Vitalik Buterin Highlights Affordable Layer 2 as Key for DeFi Adoption

Golden Finance reported that Vitalik Buterin, the co-founder of Ethereum, tweeted emphasizing that Layer 2 (L2) technology has finally become affordable, making it a key factor in the widespread adoption of decentralized finance (DeFi). He had already pointed out in 2020 that low transaction fees were the foundation for the success of the crypto industry, a reality that has only recently come to pass.

Robert Sasu, a core engineer at MultiverseX, responded saying that L2 currently only has low fees in centralized situations. Vitalik disagreed with this point of view, stating that Taiko, a decentralized based rollup solution, demonstrates that decentralized L2s like Taiko already have affordable fees. Sasu agreed, adding that rollup-based solutions are still a minority and hopes more projects will migrate to this architecture.