๐Ÿ“ข๐Ÿš€ Heads up, BTC enthusiasts! Ethereum's layer-2 (L2) ecosystem is booming, defying bearish claims, according to Ethereum community member Ryan Berckmans. ๐ŸŽ‰๐Ÿ’ช

Berckmans refuted Movement Labs founder Rushi Manche's statement that "EVM L2s will go to zero," insisting that the L2 ecosystem is "growing like crazy." He cited L2beat analytics and the creation of EVM L2s by Coinbase, Worldcoin, and Immutable X as proof. ๐Ÿ“ˆ๐Ÿ”ฅ

Berckmans also highlighted that L2s are an integral part of Ethereum, offering better value than alternative layer-1 networks due to Ethereumโ€™s โ€œcredible neutralityโ€ as a base layer. He argues that Ethereumโ€™s ecosystem is larger and more diverse than competitors in terms of liquidity, mature protocols, and total value locked. ๐ŸŒ๐Ÿ’ฐ

Berckmans predicts that L2s will significantly surpass Solanaโ€™s transaction throughput in the coming years. He also emphasized that Ethereumโ€™s L2 ecosystem is more attractive for corporations and governments due to its security and decentralization properties. ๐Ÿข๐Ÿฆ

According to L2beat, the total value locked across all L2 protocols is currently $42.86 billion, a steady figure since March despite an 18% decline in crypto markets. The L2 TVL has increased by around 280% since the same time last year. ๐Ÿ“Š๐Ÿš€

Berckmans concluded that Ethereumโ€™s L2 model is "killing it," and EVM is leading the pack by far. So, ignore the FUD, folks! Ethereum's L2 and EVM are on a roll! ๐ŸŽ‰๐Ÿš€