Polygon Labs' Marc Boiron says Ethereum (ETH) might lose value to L3
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I’ll say the quiet part out loud: L3s exist only to take value away from Ethereum and onto the L2s on which the L3s are built.The development of L3s might not entirely be bad for L2 protocols, as the Polygon Labs CEO noted that the new scaling products will consolidate their value on L2, just as protocols like Polygon returned value to Ethereum.
Should the L3 narrative be pursued as is currently the trend, Marc Boiron believes it will limit the security covering that Ethereum offers, a situation that will not be favorable in the long run., Lens and Bonsai. In Polygon’s defense, Boiron noted that anyone can build anything on Polygon’s innovations, but the proper thing to do is to share the value accruable with Ethereum.
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