Ethereum is on the verge of enormous growth, aided by the L2 blockchains that complement it.
Furthermore, investors need a framework for how value flows throughout the tech stack to effectively analyze crypto networks, protocols and applications.
In less than two years, we’ve seen transactions on Ethereum’s largest L2 scaling solutions grow by 3,438%.L2s provide execution services to the application layer of the tech stack by batching transactions, compressing the data and ultimately anchoring proofs of the data to Ethereum as L1 transactions .
Every product in a marketplace has substitutes and complements. A substitute is another product you might buy if the first product is too expensive. For example, chicken is a substitute for beef. A complement is a product that you usually buy together with another product. Think gas and cars. Or hot dog buns and hot dogs.
If L2s are complements and continuously drive down costs that enable superior user experiences, this should ultimately drive more usage of the Ethereum L1.
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