Cyber Capital Founder: Ethereum is Declining, L2 is Actually Stealing Ethereum's Users and Fees

Wu learned that Justin Bons, the founder of Cyber Capital, stated that Ethereum is declining while L2 is 'dancing on its grave.' Bons pointed out that since the implementation of EIP-4844 (Proto-Danksharding), Ethereum's transaction fee income has significantly decreased and cannot keep up with inflation. Meanwhile, the usage and transaction fee income of L2 networks have reached new highs, lobbying to maintain Ethereum's low capacity. Bons believes this constitutes a 'parasitic relationship.' He stated that L2 networks are actually stealing Ethereum's users and fees by disguising themselves as 'similar to Ethereum' to attract users. Bons predicts that L2 networks will eventually migrate or become independent L1 networks, while Ethereum will gradually decline. He criticized the Ethereum leadership for 'selling out' their own interests for the L2 network, believing that this exposes systemic issues in governance. Bons warned that if Ethereum does not significantly expand L1 in the future, it may lead to the collapse of token and equity prices of all L2 networks, motivating L2 networks to prevent Ethereum's expansion.