Multicoin Cofounder: 90% of Ethereum Ecosystem Transactions Occur on L2, Mainnet Revenue Sharply Reduced
On September 19th, BlockBeats reporter reported from the scene that Kyle Samani, co-founder and managing partner of Multicoin Capital, spoke at a roundtable discussion titled "Why SOL Will Flip ETH" at the main venue of TOKEN2049 on the first day. He stated:
Ethereum's roadmap intends to shift transactions from L1 to L2, which they have indeed achieved. However, in doing so, they have also transferred all the actual value creation to the ease of use of assets. If we look at all the L2 data, and the percentage of transactions moved from L1 to L2, we see that everything is now on L2, over 90% is on L2. This is by design, which is good. They achieved their goal, but what was the purpose? They talk about this DA value tool. Here, we are discussing DA value approval. In reality, L2 is the one making all the profits.