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.

It's crucial for Ethereum to address the challenges posed by the thriving Layer 2 networks in order to maintain its position in the market. Justin Bons' insights shed light on the impact of EIP-4844 and highlight the need for Ethereum to adapt in response to changing dynamics. Staying competitive in the evolving blockchain landscape is key for Ethereum's long-term success.