Synthetix Founder: L2 and Alt DA Weaken Ethereum Mainnet Profitability

ChainCatcher news, Synthetix founder Kain stated that the Ethereum mainnet is facing economic pressure from a sharp decline in gas fees and ETH burn due to L2 scaling diverting transaction activity and the introduction of blobs from EIP-4844, which reduces data availability costs.

Kain believes that the rise of L2 has intercepted the profits that originally belonged to the mainnet, and a future shift towards Alt DA solutions like Celestia is likely to further weaken the profitability of the Ethereum mainnet. To address this issue, he suggested that in the short term, the mainnet could be supported by official L2 or rental mechanisms, while in the long term, new demands such as the tokenization of real assets are needed to enhance the overall utilization of L1/L2.

He emphasized that the Ethereum community has advantages in coordination, but should decisively abandon unrelated projects and concentrate resources on breakthroughs at the application layer to cope with competitive pressures from L2 and other data availability solutions.