Shocking: Solana Tsar Blasts ETH’s Layer-2 Scams – Reveals the Fraud! 😲

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Ah, comrades, in the vast digital archipelago of blockchains, where one might expect freedom from the chains of centralization, enter Anatoly Yakovenko, that Solana pioneer, casting his gaze upon Ethereum‘s so-called layer-2 behemoths with the skepticism of a zek spotting the barbed wire. On this Sabbath day, amid heated discourses, he dared to question the very decentralization and fortitude of these sprawling networks-nay, these bureaucratic empires! 😏

For you see, these layer-2 edifices loom large with attack vectors as numerous as the fleas in a Siberian winter, and their code bases? Mountains of script so immense that no auditor, however diligent, can burrow through them all without emerging poisoned by bugs unseen. Aye, and user funds? They dance like marionettes on multisig strings, yanked away without a whisper of consent from their rightful holders. “The claim that these L2s inherit the security of ETH,” Yakovenko intoned with the iron of gulag truth, “is as erroneous as proclaiming the camp chow nourishing.” He argued thus: 

“Five years into this twisted L2 odyssey, wormhole ETH on Solana bears the selfsame worst-case perils as ETH on its base, yielding the same revenue bounty for ETH’s L1 warden-stakers. It’s wrong, my friends, no matter how you carve the ideological loaf.” 😂

And so the saga unfolds in this etherial domain, where developers, investors, and magnates of the industry wage their eternal debates-do these layer-2 appendages bolster the Ethereum mothership, or do they gnaw at its hull like parasitic crustaceans? The question hangs heavy, a philosophical noose. Twisting irony graces our predicament! 😂

Are There Too Many Ethereum Layer-2 Gulags?

Lo, according to L2Beat’s diligent chronicles, there stand 129 verified Ethereum layer-2 camps at this writing hour, with another 29 fledgling outposts yet unreviewed by their overseers. Tenfold more than necessity demands, decrees Adrian Brink of Anoma fame, that other layer-1 chieftain. Exuberance or excess? 🥸

Yet, not Igor Mandrigin of Gateway.fm fame-he retorts with fervor! There can never be too many L2 units in this burgeoning Web3 expanse. Nay, their proliferation heralds healthy growth, he proclaims, a diversity of ecosystems blooming like weeds in the permafrost. And Anurag Arjun of Avail and Polygon echoes this chorus: each L2, a high-throughput chariot, gifting Ethereum a caravan of options fit for a digital tsar. 😉

But hark! Binance Research sounds the alarm cannon: this swarm of networks devours the base layer’s revenues like greedy apparatchiks at a feast. Fragmenting liquidity hither and thither, their paltry fees lure travelers from the costly tolls of layer-1, bleeding the mother blockchain dry. Sarcasm drips like melted snow: progress, indeed! 😅 Such is the eternal dialectic of the chains-build high, fall deeper.

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2025-10-27 01:32