Tom Lee: Ethereum Will Not Be Cannibalized by L2, Expected to Become the Most Widely Used Settlement Layer for Finance and AI Agents
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Tom Lee: Ethereum Will Not Be Cannibalized by L2, Expected to Become the Most Widely Used Settlement Layer for Finance and AI Agents
Bitmine Chairman Tom Lee stated in a post on X that Ethereum is poised to become the most widely used settlement layer for finance and AI agents, stating, "ETH is on-chain currency". Additionally, in the interview content he reposted, Tom Lee addressed the market's concern that Ethereum is being cannibalized by Layer 2, stating that he did not agree, and pointed out that while Layer 2 networks also attract tens of millions of real-world users into the on-chain ecosystem, the Ethereum mainnet is still further consolidating its position as the primary economic settlement hub, and the Fast Confirmation mechanism can reduce transaction friction by approximately 98%.
Navigating Web3 tides with focused insightsTechFlow reports that on July 26, Bitmine Chairman Tom Lee posted on platform X stating that Ethereum is expected to become the most widely used settlement layer for finance and AI agents, "ETH is the on-chain currency."
Additionally, in the interview content he reposted, Tom Lee also responded to the market's view that Ethereum is being cannibalized by Layer 2. He stated that he did not agree, pointing out that although Layer 2 networks also attract tens of millions of real-world users into the on-chain ecosystem, the Ethereum mainnet is further consolidating its position as the primary economic settlement center, and the Fast Confirmation mechanism can reduce transfer friction by approximately 98%.
