Golden Finance reported that regarding Base protocol head Jesse Pollak’s view that “Ethereum and L2 are not in a zero-sum competitive relationship,” Abstract Chain contributor cygaar posted on X: “This may be a somewhat controversial point of view, but I do believe it. L2 will compete with Ethereum L1 in the short term. Many workloads that once existed on L1 (NFT, trading, DeFi, gaming) have been moved to L2, resulting in fewer fees being generated/burned on L1 over the past few years. However, I say ‘short term’ because I believe L2 is the only way the Ethereum ecosystem and the ETH asset can compete with the flood of new L1. One of the greatest features of Ethereum is its emphasis on decentralization. Unfortunately, most users don’t care about decentralization until it’s too late. L2 provides a way for Ethereum to remain a highly decentralized platform while still being able to support fast and cheap transactions that compete with alt-L1. What Jesse is saying here is that in the long term, the hope is that L2 will be able to serve so much traffic that some of the fees currently generated by Ethereum will exceed the fees generated before L2 came along. I tend to believe this is true. All in all, I think it's okay to admit that L2 does reduce the value accumulation of L1 in the short term. However, I believe L2 will be good for Ethereum in the long run and will be the way Ethereum defeats many of the newer L1s that emerge. "