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Joseph Lubin: Ethereum's L1 revenue and expenses should remain low to promote growth
Svmuu News: Joseph Lubin, co-founder of Ethereum, posted on X stating that Ethereum L1 transaction fees should remain low to promote growth. Over the next 2 to 3 years, tens of thousands of businesses will operate on Ethereum L1, L2, and private, permissioned EVM networks such as the Besu chain.The currency premium will grow substantially, fee revenue generated by L1s from activity will increase significantly, staking and other forms of ETH locking will reduce the supply, and net ETH burns under ultrasonic monetary conditions will further enhance ETH’s value.
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