Modular Capital accomplice James Ho stated on social media that Layer 2 (L2) will quickly overtake Ethereum (ETH). His declare is predicated on Arbitrum’s annual income of greater than $100 million. USD, with a internet revenue margin of 30-40%.
He predicts that this margin will improve to 90-95% after eip-4844/proto-danksharding.
On this regard, the annual value of ETH is between 3 and 5 billion US {dollars}. The Layer 2 market is quickly transferring in the direction of unbelievable profitability.
Optimism follows the same mannequin, with annual prices of about $60 million. USD (about half the ARB charge).
Nevertheless, each circuits are at the moment single-series turbines with no OP/ARB tokens for gasoline and unspecified utility funds.
Arbitrum reached half the ETH mainnet spot dex buying and selling quantity, or $16 billion per thirty days, in comparison with $32 billion per thirty days.
Every day txns/lively wallets are related, indicating that L2 will quickly overtake ETH by way of financial exercise. Ho believes that the price of a single L2 will exceed $1 billion, a lot prior to many anticipated.
Ho’s remarks reveal a promising future for the Layer 2 market because the benefit of utilizing L2 over ETH turns into extra obvious.
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