This is how the Ethereum ecosystem looks to me right now:
L2s like ZKsync (and proof aggregation networks in general) will defragment Ethereum and scale to the world with millions of TPS via proof aggregation maths (this makes obsolete alt L1s like SOL and all the rest)
L1 is the source of incorruptibilty that guarantees L2 incorruptibilty, and even though L1 will scale to >10,000 TPS in the next 3 years, that won't be enough for the entire world
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This strongly suggests that L2s using proof aggregation is where significant cashflows will be generated over the next 5 years, as they replace credit card rails, FX swaps, cash apps like Western Union etcetera
However, L1 is the source of L2 security, neutrality and incorruptibilty, which implies that ETH is the risk free asset across the EVM universe
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The logical next step, for me, is to own the cashflow generator (proof aggregation networks) in order to accumulate the risk free asset: ETH
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“You don't need a lot of brains in this business…What you do need is emotional stability. You have to be able to think independently. When you come to a conclusion, you have to really not care what other people say & just follow the facts and your reasoning.”- Warren Buffett
L2s like ZKsync (and proof aggregation networks in general) will defragment Ethereum and scale to the world with millions of TPS via proof aggregation maths (this makes obsolete alt L1s like SOL and all the rest)
L1 is the source of incorruptibilty that guarantees L2 incorruptibilty, and even though L1 will scale to >10,000 TPS in the next 3 years, that won't be enough for the entire world
------
This strongly suggests that L2s using proof aggregation is where significant cashflows will be generated over the next 5 years, as they replace credit card rails, FX swaps, cash apps like Western Union etcetera
However, L1 is the source of L2 security, neutrality and incorruptibilty, which implies that ETH is the risk free asset across the EVM universe
------
The logical next step, for me, is to own the cashflow generator (proof aggregation networks) in order to accumulate the risk free asset: ETH
------
“You don't need a lot of brains in this business…What you do need is emotional stability. You have to be able to think independently. When you come to a conclusion, you have to really not care what other people say & just follow the facts and your reasoning.”- Warren Buffett
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