ChainCatcher message, Galaxy Research posted on X platform revealing that since the Dencun upgrade, the revenue from Layer 2 for Ethereum L1 protocol has been almost 0."

ChainCatcher news, according to Token Terminal data, ETH Layer1 revenue has plummeted, declining by 99% since March 2024. On March 5, the network revenue peaked at over $35 million. However, on September 2, the daily revenue had dropped to about $200,000, marking the lowest daily revenue point of the year.Bitcoin investor Fred Krueger pointed out that Ethereum's current daily fee income of $200,000 translates to an annual revenue of $73 million, which is far from sufficient to sustain its $300 billion market cap.

ChainCatcher news, according to official sources, the Polygon ecosystem DEX QuickSwap has released a proposal discussion to "extend the perpetual contract product Falkor Perpetuals to Ethereum L1." The governance discussion on QuickSwap Reddit will continue until September 2 at 13:30. After the Reddit discussion ends, the official snapshot voting will begin after September 2 at 13:30, with a deadline of September 6 at 13:30.

ChainCatcher message, Ethereum founder Vitalik Buterin tweeted that the robustness of Ethereum L1 is improving, and pointed out that there is a strong willingness for collaboration among L2 projects to enhance the overall interoperability of the ecosystem.Vitalik noted that the claim that "PoW is the gold standard of assets" is being proven wrong, and the proportion of blocks that censor transactions continues to decrease. The block building section in the roadmap ("the Scourge") is also starting to show promise, with discussions mainly focused on FOCIL+APS and BRAID.Vitalik also stated that for DeFi, the top priority is to ensure that users do not encounter -100% annualized returns. He believes that the robustness of L1 (including censorship resistance) and the success of smart contract wallets are beneficial to this.

ChainCatcher news, Bankless founder David Hoffman posted on social media, "Ethereum development has prioritized L2 execution for over 2 years. This has come at the expense of L1 execution. L1 execution is lagging behind Moore's Law, while L2 has gained undue growth and valuation subsidies from L1. Therefore, we should re-establish the priority of L1 execution work. I agree with @MaxResnick1 that the hardware requirements for L1 should be 'the latest 2 generations of Macbook Pro', which aligns perfectly with the social contract of individual stakers. This would increase the accessibility of Ethereum L1 to over 10 times the users, and at a low cost.The argument against this is: the Ethereum ecosystem needs to reorganize around fewer synchronous composability—growing L1 execution will reduce the urgency to solve this problem. An rollup-centric Ethereum is the right roadmap—let's face the challenges head-on."

ChainCatcher news, according to Token Terminal data, approximately 46% of the assets bridged from Ethereum L1 have been bridged to Arbitrum.