Concerns that Ethereum layer 2 (L2) scaling solutions are negatively impacting the mainnet's revenue may be premature, according to industry analysts. Currently, Ethereum's daily fees fluctuate between $1 million to $5 million, which is significantly lower than the $30 million average seen in 2021 and 2022. Recently, apprehensions arose following decentralized exchange Uniswap's announcement of a shift towards using L2s. Matthew Sigel from VanEck pointed out that the revenue ratio between Ethereum and L2s stands at 10:90, which could hinder Ether's price growth and projections. However, some experts argue that Ethereum's scaling strategies are crucial for maintaining its position as a leading blockchain. Apollo Capital's Henrik Andersson emphasized that Ethereum's progress in L2 technology could enhance long-term revenue, as user retention is vital against rival chains. He also suggested that Ether might become a prominent higher beta bet in the coming months, with potential for new all-time highs by 2025.

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