A question many have asked of Ethereum’s approach to scalability is will L2s accrue value to ETH or will they cannibalize ETH? 

The answer is increasingly obvious to anyone paying attention. 

L2s are now burning lots of ETH. This shows they are getting value from the main chain

Layer 2 solutions are proving to be beneficial for Ethereum by burning ETH and offloading transactions from the main chain. This demonstrates their value and potential to enhance scalability without cannibalizing ETH. 🔥🚀