725. Ethereum Cannibalized by Polygon? | Coinbase Layer-2 ETH Report Analysis

Aug 16, 2022 · 34m 32s
725. Ethereum Cannibalized by Polygon? | Coinbase Layer-2 ETH Report Analysis
Description

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...

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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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Author Rever Networks
Organization Rever Networks
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