TechFlow news, on March 15, zak.eth, co-founder of Corn, posted that Ethereum is facing the issue of value draining to Layer 2 (L2) networks. He pointed out that L2s are currently extracting substantial fees, MEV, and liquidity, while Ethereum stakers receive almost no benefits.
Data shows that Base generated approximately $2.5 million in fees last month but paid less than $11,000 to Ethereum; for every $1 Optimism pays to Ethereum, it captures around $321 from L2 fees.
zak.eth suggested several ways to improve this situation:
- L2 sequencers stake ETH, with part of the L2 tokens deposited into an ETH vault;
- L2s return a portion of transaction fees and MEV to Ethereum stakers;
- ETH becomes the default settlement asset for cross-Rollup transactions;
- Ethereum validators extend security to L2s via restaking.
He believes Ethereum must enforce this value capture now, or it risks becoming an obsolete security layer.
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