Polygon CEO Sounds Alarm: L3s Pose Security Threat to Ethereum! Marc Boiron, the head honcho at Polygon, is raising a red flag on the
Layer 3 (L3) front, cautioning that these structures could jeopardize Ethereum's fortress. L3s, those fancy scaling solutions that bundle everything up in an Ethereum rollup, might just be pilfering value from the blockchain's core.
Boiron isn't mincing words, stating outright that L3s are essentially
value snatchers, diverting precious resources away from Ethereum and onto their own L2 platforms.
But here's the kicker: Boiron insists that Ethereum doesn't even need these L3s for scaling! In fact, Polygon Labs has no plans to jump on that bandwagon.
Meanwhile, Degen, an L3 built on Coinbase's Base rollup, is making waves with over $100 million in volume and a whopping 270k+ transactions in just four days. Base itself is reaping the rewards, riding high on meme coin mania.
Boiron warns of a grim scenario where multiple L3s gang up on a single L2 solution, leaving Ethereum with
zilch in terms of value capture. This potential avalanche could erode fees and drive validators away, dealing a blow to Ethereum's security.
It seems the battle for scaling supremacy is heating up – and Ethereum's defenders are taking notice!
