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Ethereum Cannibalized by Polygon? | Coinbase Layer-2 ETH Report Analysis
In a research report, Coinbase says that layer-2 scaling solutions (L2s) could cannibalize Ethereum’s revenue. Coinbase says that over the past 12 months, scaling solutions such as Polygon (MATIC), Optimism (OP) and Arbitrum have generated less than one percent of the revenue that Ethereum pulled in. The crypto exchange says that once Ethereum transitions to a proof-of-stake (PoS) consensus mechanism, the scaling solutions will potentially cause a decline in the staking yields and this could negatively impact the price of ETH. ~This episode is sponsored by iTrust Capital~ iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ l #Polygon #crypto #ethereum ~Ethereum Cannibalized by Polygon? | Coinbase Layer-2 ETH Report Analysis~ ⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺ Become a Diamond Circle Member FREE! ➜ e Subscribe on YouTube ✅ e Facebook 📱 k Twitter 📱 r Crypto Power Index Beta Access ➜ x Looking for the best tax havens for Crypto? Free Month with iTrust Capital – Use PROMO CODE – PAUL BARRON N ───────────────────────────