Polygon Labs CEO Criticizes Layer-3 Networks, Claiming They Devalue Ethereum

Crypto Blog

Polygon Labs CEO Marc Boiron has voiced his discontent with layer-3 networks, saying their existence is taking away Ethereum’s value.

Furthermore, he expressed concerns that L3 networks could compromise Ethereum’s security and overall value. Hence, if all L3s settle to one L2, Ethereum will attract no value, bringing a risk to security. Boiron clarified that Polygon Labs allows developers to build L3s on various platforms, including Polygon networks. In addition, it is focusing on scaling Ethereum while ensuring fair value distribution between Polygon and Ethereum. He reiterated Polygon’s mission to scale Ethereum using parallelization of the EVM and prioritizing privacy, arguing that L3s are not aligned with this objective.

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