Marc Boiron, the CEO of Polygon Labs, is back at it. In the most recent example, the CEO of Polygon Labs argues that Ethereum faces a major obstacle due to the nature of the rivalry between Layer 2 solutions at the moment.
Polygon’s Boiron claimed in an X post on Sunday, April 7, that Layer 2 network competition was “Ethereum’s biggest problem.”
The main issue with Ethereum is that it is constantly eating itself alive as all L2s vie with one another for customers, developers, and liquidity instead of fighting against one another outside of the Ethereum ecosystem. According to Microeconomics 101, this is a poor approach. Although I don’t know the solution, it must be handled.
he wrote.
Boiron emphasized that his main concern with the current paradigm of competition amongst Layer 2 chains was the “inefficient” utilization of resources. According to Boiron, the efforts Layer 2 chains spend chasing down and onboarding the same applications could be better spent courting projects from outside the Ethereum community.
Unsurprisingly, Boiron’s comments have created a frenzy of debate among the Ethereum community.
Ethereum community has been discussing the remarks made by the chief of Polygon Labs
Karthik Senthil, the founder of Lattice Fund, concurred with Boiron, pointing out that the present Layer 2 competitive model does not benefit anyone.
Joining Senthil, X user “Student” proposed that Polygon was using its AggLayer to construct the answer to the issue. Boiron argued that the protocol, which promises to standardize liquidity across linked chains, might lead to Layer 2s cooperating rather than competing.
However, not everyone shared the Polygon Labs chief’s viewpoint. Well-known cryptocurrencycurrency developer “Emmanuel” proposed that in order for the Ethereum network to ‘sharpen its overall ecosystem,’ competition between Layer 2 chains was required.
