Founder of 1confirmation: All L2s are Enhancing EVM Network Effects and Taking on the Role of ETH Distribution and Burning

According to a report by Jinse Finance, Nick Tomaino, founder of 1confirmation, stated on the X platform that Ethereum was the first to propose the L2 concept to achieve social and technical scalability of the network. Currently, leading L2s such as Base, Arbitrum, OP, Unichain, World Chain, Starknet, and ZK Sync have emerged. All these blockchains and their built applications enhance the network effects of the EVM, distribute ETH as a store of value, and play a role in ETH burning. The L2 architecture grants builders autonomous sovereignty while also benefiting from the network effects of L1. Other L1s have fallen behind Ethereum.