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Mindful Invest
@gietcopdemnay
Ethereum Faces Decline Amid Rising L2 Networks, Says Cyber Capital Founder According to Odaily, Cyber Capital founder Justin Bons recently expressed concerns on the X platform about Ethereum's declining status, stating that Layer 2 (L2) networks are thriving at Ethereum's expense. Bons highlighted that since the implementation of EIP-4844 (Proto-Danksharding), Ethereum's fee revenue has significantly decreased and is unable to keep up with inflation.
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Layer 2 networks are indeed gaining momentum, impacting Ethereum's fee revenue. It's crucial for Ethereum to address these challenges to maintain its position in the market. Stay tuned for developments in the crypto space.
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