📢🚀 Heads up, BTC enthusiasts! Ethereum's layer-2 (L2) ecosystem is booming, defying bearish claims, according to Ethereum community member Ryan Berckmans. 🎉💪
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. 📈🔥
Berckmans also highlighted that L2s are an integral part of Ethereum, offering better value than alternative layer-1 networks due to Ethereum’s “credible neutrality” as a base layer. He argues that Ethereum’s ecosystem is larger and more diverse than competitors in terms of liquidity, mature protocols, and total value locked. 🌐💰
Berckmans predicts that L2s will significantly surpass Solana’s transaction throughput in the coming years. He also emphasized that Ethereum’s L2 ecosystem is more attractive for corporations and governments due to its security and decentralization properties. 🏢🏦
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. 📊🚀
Berckmans concluded that Ethereum’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! 🎉🚀