#news_update According to Foresight News, Nick Tomaino, founder of 1confirmation, addressed concerns that Ethereum Layer 2 solutions might negatively impact ETH. He countered this belief, explaining that Layer 2s actually support the growth of crypto applications by enabling them to evolve into independent application chains. This shift provides developers with more autonomy and flexibility. Additionally, Layer 2 activity helps distribute ETH more broadly and reinforces the Ethereum Virtual Machine (EVM) developer ecosystem. Tomaino also noted that as activity on Layer 2s increases, it contributes to ETH being burned, which ultimately reduces its overall supply.
