Polygon CEO Criticizes Layer 3 Networks, Cautions Potential Dangers

• Polygon Labs CEO Marc Boiron raises his voice in opposition to Layer 3 networks in his current X publish.
• Boiron cautions that the L3 networks will take away Ethereum’s worth and pose potential dangers to safety.
• The criticism follows the memecoin venture Degen’s low-cost L3 blockchain, Degen Chain. 

Polygon Labs CEO Marc Boiron has reportedly denounced Layer 3 networks in his current X publish. He spotlighted the potential dangers of Ethereum shedding its safety with the developments of L3.

Boiron’s criticism comes on the heels of the Degen ecosystem’s launch of Degen Chain, the low-cost Layer 3 blockchain. The Base community’s memecoin venture Degen lately launched Degen Chain, constructed utilizing Arbitrum Orbit and AnyTrust DA. Whereas the venture acquired wider acceptance from the general public, some outstanding figures together with the Polygon Labs CEO criticized it.

Based on Boiron, the introduction of L3s will finally nullify the worth of Ethereum. He asserted that the existence of L3s will solely contribute to “take[ing] worth away from Ethereum and onto the L2s on which the L3s are constructed.”

Highlighting L3s as a futile and disappointing launch, the Polygon Labs CEO cited, “You do not want L3s to scale.” Additional, he publicly declared that Polygon Labs won’t ever undertake Layer 3 networks.

Nevertheless, not everybody agreed along with his viewpoints. OxWenMoon, a outstanding voice within the blockchain house, responded to Boiron’s publish stating,

“I don’t assume that is proper, however even assuming it’s, there isn’t a such factor as “taking worth away from Ethereum and onto the L2s”. L2s on Ethereum ARE worth on Ethereum.”

Although Boiron agreed that L2s are Ethereum, he had disagreements with the concept that L2 values are Ethereum’s values. He bolstered his notions, citing, “If all L3s settled to at least one L2, then Ethereum would seize mainly no worth and, thus, Ethereum safety could be in danger.”