Ethereum’s layer-2 scaling networks have come under fire after Solana co-founder Anatoly Yakovenko challenged their security and decentralisation 0 a public discussion, he stated that the belief that L2s inherit Ethereum’s mainnet security is “erroneous.” Are The L2s As Secure As They Say? Yakovenko argued that many L2s depend on large and complex codebases, not to mention multi-signature systems that make them 1 to him, these networks expose user funds to unnecessary risk and create attack surfaces that are too large to monitor 2 added that “five years into the L2 roadmap, wormhole ETH on Solana has the same worst-case risks as ETH on Base.” This comment referred to how both systems face similar security limitations despite Ethereum’s position as the top blockchain for 3 There Too Many Ethereum L2s?
The Ethereum ecosystem now has more than 129 verified layer-2 networks according to data from 4 29 projects remain 5 industry figures believe that this number is far higher than 6 currently has more than 100 L2s |) to Binance over several 7 see this as behaviour that is worthy of 8 is especially at a time when competition is ongoing between Solana and 9 the selling pressure, Solana continues to gain traction among financial 10 partnerships and treasury programs are reinforcing its place as one of the leading layer-1 11 Expands Staking and Treasury Growth The Solana Company has partnered with Helius and Anchorage Digital to strengthen its 12 network now offers a 7% native staking yield and is turning SOL into a stronger yield-bearing asset.
meanwhile, Solmate (a Solana-based treasury firm) saw its stock jump 50% after unveiling plans for a validator centre and a round of 13 moves show a growing trust from institutional players who see Solana as capable of supporting tokenised assets and cross-chain stablecoins. Overall, the coming months will likely bring more focus to network security and efficiency, not to mention user trust.
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