Ethereum L2s Drain ETH, Centralize Control: Galaxy‘s Thorn Warns

Description

Galaxy Digital’s head of research Alex Thorn ignited a fresh debate over Ethereum’s roll-up economy on Wednesday, accusing leading Layer-2 networks of siphoning value from the main chain while leaving ETH holders with “pennies.” In a widely shared thread on X, Thorn argued that “after all these years, the ethereum community is apparently fine that most users are operating on centralized L2s controlled by single companies or foundations… very little value accrual back to ETH holders… sad!” Ethere...