with the L2 model, Ethereum (and by extension ETH) basically gets infinite shots at goal
let's say Base flops (I know impossibru) well there is also MegaETH
let's say they both flop there is Arbitrum, and so on
of course in reality it's even better as they are not mutually exclusive and can each find differentiated niches, for example Base could focus on a superapp experience through its wallet and MegaETH could cultivate sendy gen-alpha consumer crypto apps
granted the value accrual back to ETH is not as *tight* as it would be if all the apps on all those chains were on L1 (monolithic scaling vision)
but that's not really the calculus, because if those chains weren't L2s, then they would be pure competitive L1s, and the apps great incubators like Base and MegaETH etc. teams would have *no* flowback to Ethereum/ETH
we're seeing some L2s like Linea get more aggressive/explicit about accruing value to ETH (20% fees go to ETH buyback/burn)
I think it's a genius model, time will tell
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