ChainCatcher news, Justin Bons, founder and Chief Information Officer of Cyber Capital, stated that the growth of Layer 2 projects is having a detrimental impact on the health of the Ethereum ecosystem. There are several things wrong with the decision to use L2 to scale Ethereum instead of focusing on the main chain. L2 leads to underutilization of the main chain, driving up ETH inflation, as the fees burned cannot curb inflation. The liquidity fragmentation in the L2 ecosystem exists in several unconnected isolated islands.Justin Bons said, "Scaling Ethereum will destroy all the capital and fees earned by Layer 2 networks because venture capital (VC) cannot take a cut from the scaling of a Layer 1 network. These 'parasites' distort public goods, turning them into a rent-seeking platform for the venture capital chain."Additionally, Bons criticized the value accumulation in these chains, which are not as decentralized or secure as the underlying Ethereum chain and may contribute to the theft of user funds and censorship of transactions.

ChainCatcher news, Cyber Capital founder Justin Bons posted on the X platform, stating that Ethereum is in decline, while L2 is "dancing on its grave."Bons pointed out that since the implementation of EIP-4844 (Proto-Danksharding), Ethereum's fee revenue has significantly decreased and cannot keep up with the rate of inflation. Meanwhile, the usage and fee revenue of L2 networks have reached new highs, lobbying to maintain Ethereum's low capacity. Bons believes this constitutes a "parasitic relationship." He stated that L2 networks are effectively stealing users and fee revenue from Ethereum by masquerading as "the same as Ethereum" to attract users.Bons predicts that L2 networks will eventually migrate or become independent L1 networks, while Ethereum will gradually decline. He criticized Ethereum's leadership for "selling out" its own interests for the sake of L2 networks, arguing that this exposes systemic issues in governance. Bons warned that if Ethereum were to achieve breakthrough L1 expansion in the future, it could lead to a collapse in the token and equity prices of all L2 networks, thus giving L2 networks an incentive to prevent Ethereum's expansion.

Chain Catcher news, Justin Bons, founder and chief investment officer of the crypto fund Cyber Capital, tweeted that Binance is smart enough to never claim that BNB Chain is decentralized or directly admit that it is centralized. As a result, BNB Chain makes some less knowledgeable people appear "decentralized."Justin Bons pointed out that the network's 21 "validator nodes" are selected by an 11-member committee, which is controlled by Binance. These "validator nodes" take turns processing related tasks in a predetermined order designed by the committee, rather than being randomly determined by weight like a truly decentralized blockchain. (Source link)