Layer 2 Solutions Boost Ethereum Ecosystem: Nick Tomaino’s Perspective

Nick Tomaino, founder of 1confirmation, challenges the notion that Ethereum’s Layer 2 solutions will negatively impact ETH prices. Instead, he asserts that these solutions empower developers by enabling them to build independent application chains. This autonomy facilitates the creation of more diverse crypto applications and bolsters the EVM developer ecosystem. Furthermore, increased activity on Layer 2 solutions can contribute to decreasing ETH supply through burning mechanisms.