Ethereum Prioritizing L2s, L3s, and L4s Over Core Network, Says Jupiter Founder

IconCryptoNewsTerminal Staff13 Jun, 2024

cryptonews.jpg

Ethereum Prioritizing L2s, L3s, and L4s Over Core Network, Says Jupiter Founder

Ethereum (ETH) has been heavily investing in layer-2s, layer-3s, and layer-4s, according to Jupiter (JUP) co-founder "meow." However, he believes this strategy allocates excessive capital and incentives away from developing the core network. This fragmentation could persist due to limited incentives for utility and value creation on the main chain. While Ethereum's approach differs from Solana's, the latter could face similar challenges in the future due to the proliferation of SVM appchains and layer 2s. Solana's current focus on building within the chain itself remains a significant distinction.

Related News