Odaily Planet Daily reports: Tom Lee, Chairman of Bitmine, responded on X to the market perception that Ethereum is being eroded by Layer 2 solutions, stating he does not agree. He noted that while Layer 2 networks have attracted tens of millions of real-world users into the on-chain ecosystem, Ethereum’s mainnet continues to strengthen its position as the primary economic settlement layer. The Fast Confirmation mechanism reduces transaction friction by approximately 98%. Tom Lee stated that Ethereum is poised to become the most widely used settlement layer for finance and AI agents, adding, “ETH is on-chain money.”
Tom Lee Disagrees with Ethereum Being Eroded by L2s, Calls ETH the On-Chain Currency
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Summary
Ethereum news: Tom Lee, Chairman of Bitmine, dismissed concerns that Layer 2 solutions are undermining Ethereum’s dominance. He emphasized that Ethereum remains the core settlement layer, with Fast Confirmation reducing transaction friction by 98%. On-chain data shows Ethereum’s role in finance and AI agents is expanding. Lee views ETH as the leading on-chain currency for global settlement.
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