PEPE0.00 3.75%

TON3.03 1.43%

BNB600.35 1.25%

SOL141.81 0.15%

XRP2.12 1.55%

DOGE0.16 1.02%

TRX0.25 1.00%

ETH1621.98 0.29%

BTC87296.66 2.43%

SUI2.19 1.62%

Home

News

Article

Coinbase Protocol Expert: When ETH is Seen as Global Economic Currency, L2s Make Perfect Sense

Facebook Twitter Linkedin Email Copy Link

By Carine W.Apr 01, 2025

Viktor Bunin highlights divergent perspectives on Ethereum's fundamental utility and Layer 2 scalability solutions.

Coinbase protocol expert Viktor Bunin has sparked discussion in the crypto community with a recent tweet analyzing the relationship between Ethereum's perceived purpose and the value proposition of Layer 2 (L2) scaling solutions.

In his tweet posted on March 29, 2025, Bunin (@ViktorBunin) presented two contrasting mental models for understanding Ethereum: "If your mental model of ETH is AWS credits then you're right, L2s make zero sense. However if your mental model of ETH is money that will power the global economy, L2s make perfect sense, because they use ETH as money."

The comparison draws attention to a key ideological divide in the Ethereum ecosystem. Those who view ETH primarily as a computational resource (similar to AWS credits) may question the need for L2 scaling solutions. In contrast, those who conceptualize ETH as future global monetary infrastructure can more readily appreciate the role of L2 networks in extending Ethereum's capabilities.

This perspective comes amid growing adoption of Layer 2 solutions designed to address Ethereum's scalability challenges while inheriting its security guarantees. Bunin's analysis provides a conceptual framework for evaluating these developments based on fundamental views about Ethereum's core value proposition.

The tweet garnered significant attention, accumulating over 72,400 views shortly after posting, indicating substantial interest in discussions around Ethereum's future direction and scaling strategy.

Coinbase ETH

Carine W.

A seeker of truth in crypto, blending writing, peace, and prayer to inspire a global audience.

Trending Now

ACT Price Crashes Over 50%: Binance Investigation Links Drop to Four Major Sellers

Apr 02, 2025

Daily News: WLFI Plans to Launch USD1 Stablecoin, Movement Starts $38M Buyback

Mar 26, 2025

Market Cooling, Investors Keep Going: Top 5 Crypto Funding Deals Last Week

Mar 20, 2025

When BSC Declares War on Solana, Pump.fun and Raydium Have Already Started Civil War

Mar 19, 2025

DWF Labs Partner: The company has signed an eight-figure deal with a certain project

Mar 14, 2025

Subscription

TRENDING LOCALLY

BlackRock's IBIT Gains 19,951 BTC in 2025 Despite Broad Bitcoin ETF Outflows

Apr 18, 2025

eXch to Shut Down by May 1 Amid $35M Bybit Hack Laundering Allegations

Apr 18, 2025

Powell Rules Out Fed Rate Cuts to Stabilize Markets, Trump Slams Him as "Too Late and Wrong"

Apr 17, 2025

Trump Ventures into Blockchain Gaming with Monopoly-Inspired Crypto Game

Apr 17, 2025

CryptoQuant: Bitcoin Miners Sell $1.12B in BTC Amid Rising Costs and Market Pressure

Apr 16, 2025