Ethereum’s enduring ambition to scale via Layer 2s (L2s) is now a reality, delivering speedy and low-cost transactions to users. Yet, while rollups like Base amass millions of transaction fees, a new discussion is underway: are these L2s getting too rich — and thereby making the base layer more extractive? Cointelegraph recently interviewed Tanay Ved, a researcher at CoinMetrics. The interview highlights the increasing tension in the Ethereum ecosystem, with Layer 2 (L2) networks reaping most of the profits while the Ethereum mainnet itself is underpriced—”A problem of substrate token economics,” Ved describes it. Data from CoinMetrics showing L2s’ financial
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