Solana Co-Founder Criticizes Ethereum Community's L2 Views

According to Odaily, Solana co-founder Anatoly Yakovenko has expressed his disagreement with the Ethereum community's perspective that Layer 2 (L2) solutions are the most sustainable approach for blockchain scalability. Yakovenko argued that while the logic might seem sound, it is fundamentally flawed. He stated that having multiple L2 solutions is unnecessary, as a single L2 capable of parallel execution could utilize all available blobspace and handle every use case. Yakovenko emphasized that there are not unlimited useful smart contracts or execution environments. He noted that there are only about six significant underlying smart contracts. He also pointed out that the optionality for developers is infinite, which he believes is unnecessary. In fact, he argued that any developer optionality that increases business risk is negative, citing the ERC20 interface as an example. He questioned whether additional components like extra sequencers, L2 multisigs, governance systems, and VM customizations add to business risk. In a follow-up comment, Yakovenko added that across all blockchains, the primary activities people engage in today involve tokens, NFTs, and automated market makers (AMMs). He mentioned that other activities might include bonding curves, lending, oracles, central limit order books (CLOBs), and perpetuals. However, he has not observed these activities becoming decisive drivers for product-market fit.