According to Odaily, Galaxy Research has revealed on the X platform that since the Dencun upgrade, Ethereum Layer 1 protocol revenue from Layer 2 has been almost negligible.
The Dencun upgrade, which was anticipated to bring significant changes to the Ethereum network, appears to have had an unexpected impact on the revenue generated from Layer 2 solutions. This development has raised concerns within the Ethereum community about the long-term financial sustainability of the Layer 1 protocol.
Galaxy Research's disclosure highlights the need for further analysis and potential adjustments to the Ethereum network to ensure that it can continue to support and benefit from Layer 2 solutions. The findings suggest that the current structure may not be adequately capturing the value generated by these secondary layers, which are crucial for scaling and improving the efficiency of the Ethereum blockchain.
