1confirmation founder: bullish on L2's long-term value for Ethereum

TechFlow, May 13 — Nick Tomaino, founder of 1confirmation, emphasized on social media the positive impact of Layer 2 (L2) solutions on Ethereum (ETH), noting that application-specific chains provide developers with autonomy while simultaneously bringing value to Ethereum. He highlighted multiple benefits of L2s: distributing ETH, expanding the EVM developer network effect, and burning ETH through activity, stating that "most people still believe the mistaken narrative that L2 success is bad for ETH."