news 
Title: Solana Co-Founder Trashes L2s, Says L1s Are Faster and More Secure
In a recent statement, a co-founder of Solana believes that having multiple Layer 2 (L2) solutions is unnecessary. The reasoning behind this stance is rooted in the idea that there are only a finite number of valuable smart contracts, implying that it’s not necessary to have numerous L2s. This perspective suggests that a single L2 can handle all execution needs by leveraging parallel execution capabilities.
Solana co-founder believes that multiple L2s are redundant and unnecessary
In January, the same co-founder described L2s as “parasitic” when they take more priority transactions from the base layer. This criticism highlights the potential inefficiencies of relying on separate networks to handle smart contract executions.
Ethereum’s quarterly transaction revenue has dropped by a staggering 95% since its all-time high in Q4 2021, further solidifying the idea that multiple L2s are not essential.
Source: https://u.today/solana-co-founder-trashes-l2s-says-l1s-are-faster-and-more-secure
