Polygon Labs CEO Condemns Ethereum Layer 3 Networks Amid Surge in Meme Coin Trading
Polygon Labs CEO Marc Boiron has lashed out at Layer 3 (L3) networks on the Ethereum blockchain, claiming they are unnecessary for scaling the network and only serve to drain value from the mainnet.
In a recent post on X , Boiron expressed his skepticism about L3 networks, stating that Polygon Labs, a prominent Layer 2 (L2) scaling network for Ethereum, does not work on L3s because they are not essential for scaling existing networks.
“L3s exist only to take value away from Ethereum and onto the L2s on which the L3s are built,” he argued.
Boiron’s comments have raised eyebrows and sparked a debate among industry participants.
One respondent argued that while L2s on Ethereum are indeed valuable to the network, there is no such thing as “taking value away from Ethereum and onto the L2s.”
“I disagree that L2 value is Ethereum value,” Boiron replied.
“Just take this to the extreme. If all L3s settled to one L2, then Ethereum would capture basically no value and, thus, Ethereum security would be at risk.”
He further clarified that Polygon does not oppose the development of L3s on other networks, including Polygon itself.
However, he emphasized that their mission is to scale Ethereum while ensuring fair value distribution between Polygon and Ethereum.
I agree that L2s are Ethereum. I disagree that L2 value is Ethereum value. Just take this to the extreme. If all L3s settled to one L2, then Ethereum would capture basically no value and, thus, Ethereum security would be at risk.
— Marc Boiron (@0xMarcB) March 31, 2024
Layer 3 protocols are designed to operate on top of L2s and provide application-specific decentralized applications with enhanced scaling, performance, interoperability, customization, and
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