Co-founder of Solana Anatoly Yakovenko has stated that there is no reason to build Layer-2 (L2) solutions.
According to Yakovenko, Layer -1 (L1) solutions can be faster, cheaper and safer.
“They are not delayed by an icy moving stack of the L1 data availability, or have to endanger the security with complex fraud tickets and multisigs upgrades,” said Yakovenko.
Yakovenko has also added that Solana generated a “measly” amount of data (about 80 terabytes per year) in response to a question about the storage restrictions of L1 -Blockchains.
Solana competes with every L2
Earlier this month he argued that users “can skip a worthless L2 and just launch a token.”
Yakovenko also believes that Solana is competing with “Elke” Ethereum L2. However, this is not the case for the Ethereum Meminet.
Multiple L2s are superfluous
The co-founder of Solana is of the opinion that having several L-2 solutions is not necessary, since the number of valuable smart contracts is finite.
“It makes no sense for several L2s. If a single L2 parallel version can handle, it can use all Blobspace and perform any use case. What is more is that there are no infinite smart contracts, let alone implementation environments,” he said in January.
Ethereum’s L2 crisis
The quarterly transaction income from Ethereum has now fallen by no less than 95% compared to the all time registered in the fourth quarter of 2021.
Last year Yakovenko described that L2S is “parasitic” when they take more priority transactions from the base layer.