CandleFocus Andre Cronje warns ‘Ethereum aligned’ L2s are inflating ETH again
2025-02-10
Author: Content Editor
Andre Cronje, founder of Sonic Labs and known as the "deFi Godfather," has criticized Ethereum Layer 2 (L2) solutions for their handling of profits and potential misalignment with Ethereum's decentralized principles. He argues that L2 solutions generate substantial revenue but return only a small portion to Ethereum for data availability and security. Cronje advocates for enhancing Ethereum's base layer directly using solutions like Sonic to reduce dependency on external L2 providers. Base, Coinbase's Ethereum L2, responded to Cronje's criticism, stating that they are investing all their earnings and resources into growing Ethereum. The debate revolves around two competing visions for Ethereum's scalability. Julio Moreno, head of research at CryptoQuant, also noted that Ethereum's supply has exceeded pre-Merge levels, confirming the network's return to inflation. Cronje has proposed leveraging Sonic's technology to address the inefficiencies of Ethereum L2 solutions.
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