Joe Lubin, Ethereum's co-founder, discussed the crucial role of Layer-2 (L2) scaling networks in Ethereum’s future, highlighting projects like Linea and MegaETH. Despite the Ethereum ecosystem’s maturity, investors have criticized L2 networks for offering minimal economic value to the base layer while benefiting from Ethereum's infrastructure. Following the Dencun upgrade in March 2024, which significantly reduced gas fees, Ethereum’s base layer revenue dropped sharply, and ETH’s price has declined, leading to concerns and outflows from Ether ETFs. Analysts predict further price declines in 2025. Source: Cointelegraph
