Polygon Co-Founder Discusses Ethereum’s Long-Term Value at TOKEN2049

On September 19, at TOKEN2049’s main venue, Polygon co-founder Sandeep Nailwal participated in a roundtable discussion titled “The Argument for Ethereum and Layer 2 Solutions.” Nailwal emphasized that the Ethereum community is intently monitoring its ongoing developments. Nevertheless, he pointed out the potential downsides of continuously speculating on Ethereum’s value and price. The relentless pressure to enhance Ethereum’s value might prove counterproductive in the long run. He highlighted that while the community faces significant pressure to escalate prices, the Bitcoin community provides a contrasting example. Bitcoin’s strategy to maintain a streamlined Layer 1, focusing primarily on the use case of value storage, serves as an exemplary approach. Nailwal suggested that, in contrast, Ethereum should aim to evolve into the supreme settlement layer, thereby capitalizing on its unique strengths.