Solana Co-Founder Discusses Ethereum's Potential Role in L2 Collateral

According to Odaily, Solana co-founder Toly recently commented on X about the potential role of Ethereum (ETH) in Layer 2 (L2) solutions. He highlighted the irony that ETH might be used as collateral in L2 systems that lack freezing or multi-signature capabilities, even if they are not 'based' on Ethereum. Toly suggested that the Ethereum blobspace market could become significant, especially under high congestion scenarios. In such cases, ETH could compel L2 solutions that cannot switch their Data Availability (DA) layer to pay whatever price is demanded by Layer 1 (L1). Currently, these L2 solutions need to clear a higher average base fee per transaction, but this is not significant at scale. Users tend to be insensitive to prices below $0.005.