Ethereum co-founder: Ethereum L1 revenue and fees should remain low to support growth

Golden Finance reported that on July 14, Ethereum co-founder Joseph Lubin tweeted that Ethereum L1 revenue and fees should stay low to promote growth. Over the next 2–3 years, tens of thousands of companies will build business on Ethereum L1, L2, and private-permission EVM networks such as the Besu chain. The currency premium is expected to grow significantly: fee revenue earned by L1 from activity will increase markedly; staking and other behavior that locks ETH will reduce the circulating supply; and under ultrasound conditions, the net burn of ETH will further enhance ETH’s value.
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