In a research report, Coinbase says that layer-2 scaling solutions (L2s) could cannibalize Ethereum’s revenue. Coinbase says that over the past 12 months, scaling solutions such as Polygon (MATIC), Optimism (OP) and Arbitrum have generated less than one percent of the revenue that Ethereum pulled in. The crypto exchange says that once Ethereum transitions to a proof-of-stake (PoS) consensus mechanism, the scaling solutions will potentially cause a decline in the staking yields and this could negatively impact the price of ETH.
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~Ethereum Cannibalized by Polygon? | Coinbase Layer-2 ETH Report Analysis~
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12 Comments
First!
This has officially become my favorite crypto chanel! Good job Paul! Hats off to you and your team…keep up the good work!
DAGS will replace all blockchains
starteds beta staking dot with itrust today. woohoo!
To create a stable market i Feel BTC should be locked at 50k or 100k once it reaches that point
Hedera HBAR
ETH I love ❤️ but buy rumor sell the news 🗞 type situation while btc is at idle and stock market are making a nice recovery doesn’t fit the narrative something is about to explode not ETH nor btc I think xrp n xlm gonna make a super come back
I listen to your videos while working sometimes, but I only have controls on earphones to skip video. Do you need 60 seconds countdown in the start of an recorded video? It's kind of annoying and I often end up skipping to next video… =)
Bad choice of video graphic
Will it be harder to over run nodes or validations with malware/hacks if you have to go through layer 2 then to layer 1 for consensus???
I am a 23 year old IT professional with little coding experience… The first programming language that I am currently learning is solidity because I know that this is the FUTURE
How come you don't talk about Filecoin?