According to Odaily Planet Daily, Abstract Chain contributor cygaar said on the X platform that L2 will compete with Ethereum L1 in the short term, and many workloads have been transferred from L1 to L2, resulting in a reduction in L1 fees.

Cygaar believes that L2 is the only way for the Ethereum ecosystem to compete with the new L1. L2 provides a balance between decentralization and fast and cheap transactions. In the long run, L2 will help Ethereum surpass the new L1.

He concluded that although L2 reduces the value accumulation of L1 in the short term, in the long run, L2 is beneficial to Ethereum and will be the way for Ethereum to defeat the new L1.