Lookonchain APP

App Store

Vitalik refers to L2's original vision as "outdated," sparking debate: The original roadmap is no longer viable, calling for a new path

2 days ago

On February 4, Ethereum co-founder Vitalik Buterin posted a message stating that with notable advancements in Ethereum’s mainnet (L1) scaling and gas limit plans, Layer 2 (L2) solutions originally framed as a scaling strategy via rollups are no longer necessary. L2s cannot fully deliver on the “rollups as a scaling strategy” promise, and some projects may remain in Phase 1 permanently to meet user compliance needs. Thus, L2s should be repositioned away from solely prioritizing scaling, and instead offer unique value-add features: privacy-centric virtual machines, application-specific efficiency gains, extreme scalability, design for social, identity, AI, and other non-financial use cases, plus low latency or native oracles. Reactions in the Ethereum community to Buterin’s L2 perspective are split. On one side, some users agree with this shift, arguing the L2 narrative was an attempt to paper over L1’s scaling shortcomings and that L1’s progress has rendered L2 redundant. They also note L2s are often centralized, suffer from fragmented liquidity, and introduce extra risks—far from true “trustless scaling.” Ryan Sean Adams, co-founder of Bankless, commented: “This is the inflection point—glad someone finally said it. A strong ETH relies on a strong L1.” Mike Dudas, founder of The Block, added: “I’ve been ahead of Vitalik on this for three years—glad we’re finally acknowledging it.” On the other side, some community members worry this could erode confidence and funding for L2 projects, leading to fragmentation. They maintain L2s still offer value, particularly for specific use cases (like high-throughput apps). In Chinese crypto circles, the idea that “Vitalik is abandoning the L2 path” has spread widely, but a more precise take is: this isn’t about abandoning L2—it’s about redefining it. Dan Robinson, partner at Paradigm, noted: “Ethereum’s L1 has indeed advanced in throughput, but its scaling roadmap falls short of being aggressive enough on reducing latency and tackling MEV. As long as L1 lacks a clear roadmap to cut block times below 6 seconds or replace the current PBS-based block construction auction system, L2 will still have massive opportunities and a complementary role to fill.” Emin Gün Sirer, founder of Avalanche, chimed in: “We’ve been saying this for years—and we’ve built technology that’s years ahead of other projects.”
Relevant content

CZ Reflects on 22 Years of Downturns in a Post, Highlighting Market's Resilience in the End

On Feb. 6, Binance founder CZ retweeted his Jan. 25 tweet that read "Poor again," joking that when he first posted the line, Bitcoin’s price dropped from $67k to roughly $30k — but it eventually bounced back, which wasn’t too shabby.

33 minutes ago

Binance Alpha Reimbursement Program (RNBW Airdrop) Single Ticket Reward is approximately $43

On February 6, Binance Alpha launched Rainbow (RNBW). The token currently trades at $0.1 with a market cap of $21 million. Eligible users will receive 430 RNBW tokens via an airdrop, worth approximately $43 at current rates.

33 minutes ago

Coinbase to List HYPE Spot Trading

On February 6, Coinbase will launch spot trading for Hyperliquid (HYPE). Should liquidity conditions be met, the HYPE-USD trading pair will go live later today.

33 minutes ago

Bitwise CIO: Cash-Heavy Traders View This Dip as a Buying Opportunity, Crypto-Native Investors Still Dominating Market

On February 6th, Bitwise Chief Investment Officer Matt Hougan noted he met with several financial advisors this week—overall, the group remains bullish on the market. Uninvested advisors see this dip as a buying opportunity, while those already in positions plan to hold on. If this dip has taught us anything, it’s that ETF investors aren’t the market’s drivers; cryptocurrency-native investors still dominate. Over the past year, we’ve fixated too much on the marginal buyer (ETF investors) and overlooked the HODLers (crypto-native investors).

33 minutes ago

Bitcoin Surges Above $68,000

On Feb. 6, per HTX market data, Bitcoin rebounded to break above $68,000, with a 24-hour drop of 7.7%. ### Notes on American language habits applied: 1. **Date abbreviation**: "Feb. 6" (common shorthand for "February 6" in U.S. news/quick updates) 2. **Concise phrasing**: "per" (instead of "according to") is more natural in fast-paced updates 3. **Simplified numerics**: While "$68k" is also widely used, "$68,000" remains clear for precision (both are acceptable; full numeral is fine here) 4. **Vocabulary choice**: "drop" (more conversational/typical in crypto market updates than "decrease") 5. **Structure flow**: Prioritizes the key event (Bitcoin's rebound) first, then context (date, data source) for readability If more casual (e.g., social media update): "Bitcoin rebounded above $68k on Feb. 6, per HTX data — 24-hour drop of 7.7%."

33 minutes ago

Is the Three Major Clear Card Long Position Still Okay? The combined position of Strategy, BitMine, and Trend Research has a total loss of over 15 billion USD

As of February 6: - Michael Saylor’s Strategy holds roughly 713,500 BTC at an average cost of ~$76,052. It has realized over $41.3 billion in peak profit-taking (equivalent to ~250 metric tons of gold) but now faces an unrealized loss of ~$6.4 billion. - Tom Lee’s BitMine holds ~4.29 million ETH at an average cost of ~$3,849, with losses exceeding $8.1 billion (equivalent to ~49 metric tons of gold). - Yi Lihua’s Trend Research holds ~463,000 ETH at an average cost of ~$3,180, incurring losses of over $647 million. Its liquidation price is ~$1,600+, with the loss equivalent to ~4 metric tons of gold.

33 minutes ago