Odaily Planet Daily reports that regarding Base protocol lead Jesse Pollak's view that 'Ethereum and L2 are not in a zero-sum competition', Abstract Chain contributor cygaar stated on X: 'This might be a somewhat controversial view, but I genuinely believe that L2 will compete with Ethereum L1 in the short term. Many workloads that once existed on L1 (NFTs, transactions, DeFi, games) have migrated to L2, resulting in a reduction of fees generated/destroyed on L1 over the past few years. However, I mention 'short term' because I believe L2 is the only way for the Ethereum ecosystem and ETH assets to compete with a large number of new L1s. One of the greatest features of Ethereum is its emphasis on decentralization. Unfortunately, most users only care about decentralization when it is too late. L2 provides Ethereum with a way to maintain a highly decentralized platform while still being able to support fast and cheap transactions that compete with alt-L1s. What Jesse is saying here is that, in the long run, he hopes L2 will be able to handle so much traffic that the fees generated by Ethereum at present will exceed the fees generated before L2 emerged. I tend to believe this is true. In summary, I think it can be acknowledged that L2 will indeed reduce the value accumulation of L1 in the short term. However, I believe that in the long run, L2 will be beneficial for Ethereum and will become the way for Ethereum to defeat many emerging L1s.'

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