Ethereum's L2s Are Getting Cheaper. So Who Actually Makes Money? Remember when an Ethereum transaction costing $30 was considered a pretty normal Tuesday? Now you can move funds on some Layer 2 networks for a few cents, sometimes less. Great for users. A slightly more awkward conversation for the businesses running those networks. Here's the thing: lower fees don't automatically mean better economics. An L2 can process millions of transactions, keep users happy and still struggle to generate meaningful revenue once infrastructure, data availability and ecosystem incentives are accounted for. And there's another wrinkle. If several networks offer basically the same cheap transfers and access to similar apps, why should anyone stick with one of them? We've spent years asking whether Ethereum can scale. Maybe the next question is whether all these scaling networks can build businesses worth maintaining. I wouldn't be surprised if the next big L2 competition is less about who has the lowest fees and more about who has users who actually come back without being paid to. #ETHBlockchain #ETHFoundation