Surprise Ethereum (ETH) Share from Polygon (MATIC) CEO!

Polygon CEO Marc Boiron talked about the increasing popularity of layer 3 networks in his post on X.

Criticizing Layer-3 networks (L3), Polygon Labs CEO said that L3s are not necessary for Ethereum’s scalability.

Polygon CEO argued that L3s could potentially burden the ETH network.

“L3s exist solely to take value from Ethereum and transfer it to the L2s on which the L3s are built.

You don’t need L3s for scaling.

That’s why Polygon Labs doesn’t work on L3s.”

While the famous CEO acknowledged the importance of L2s in the Ethereum network, he did not accept the idea that L2 value equals Ethereum value.

Stating that the merger of all L3s into a single L2 will reduce the value of Ethereum, the CEO said that this situation will endanger the economic sustainability of ETH and be a potential risk to the security of Ethereum.

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.

*You do not need L3s to scale*

And this is why Polygon Labs does not work on L3s.

— Marc Boiron (@0xMarcB) March 31, 2024

*This is not investment advice.