The rise of layer 2 networks was as soon as one of the important important topics within the crypto dwelling final year, however as blockchain interoperability and scalability strategy into even bigger level of curiosity, layer 3 networks could maybe initiate as much as see a while within the highlight.

Layer 2 networks are built on prime of the underlying blockchain, providing more cost-effective and faster transactions by combining a bundle of off-chain transactions correct into a single layer 1 transaction, making the most of its safety.

Then again, layer 3 networks post transaction bundles to the layer 2 community, providing even lower gasoline charges given the tremendously more cost-effective be conscious of storing transactions on a layer 2.

To a pair of, this makes layer 3 networks the final scaling solution, significantly for hosting decentralized applications (dApps) and executing personalized choices. However, not everybody is buying into that legend.

“I’ll direct the aloof segment out loud: [layer 3s] exist handiest to steal value a long way from Ethereum and onto the [layer 2s] on which the [layer 3s] are built,” mentioned Polygon Labs CEO Marc Boiron on X.

He extra argued that in an outrageous case where all layer 3 networks settled on to 1 layer 2 then Ethereum would capture “fundamentally no value” and its safety would be at probability.

Polygon Labs is the entity within the serve of important layer 2 networks, including the Polygon proof-of-stake blockchain and the Polygon zero-files Ethereum Digital Machine (zkEVM) rollup.

“If Ethereum earns no charges and has no prospect of earning charges rather then a tiny quantity of charges from this one [layer 2], then the value of ether will fall and, when it is miles evident that it’ll continue to fall as a result of there could be not this form of thing as a economic future for it, validators will no longer be tantalizing to address eth and, thus, no longer be tantalizing to accurate the community,” Boiron mentioned.

Boiron’s feedback strategy after the launch of Degen Chain, a layer 3 community built on the Ethereum layer 2 Deplorable, designed particularly for the Farcaster neighborhood and the DEGEN token. To this level, many of the chain’s ecosystem project has been centered around memecoin buying and selling.