Why Trusting Ethereum Layer 2s Is Unnecessary

Surging Activity on Ethereum Layer 2: Are Rollups Ready for It?

Ethereum layer 2 blockchains are experiencing a surge in adoption, with metrics such as transaction volume and total value locked reaching new highs. The popularity of layer 2 solutions is driven by their ability to provide faster and cheaper transactions compared to the Ethereum mainnet. However, a major concern is that most layer 2s are not fully decentralized, as they rely on a centralized entity to verify transactions. This goes against the decentralized nature of DeFi and may deter institutional investors from committing significant funds to these platforms. It is expected that at least one layer 2 will achieve full decentralization in 2024.