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People are asking the wrong question.
Everyone keeps crying that L2s “don’t pay enough to Ethereum.” Bro, who cares. That’s not how ETH wins.
ETH doesn’t need to tax every swipe. ETH wins because everything settles to it. Execution can live anywhere. Finality’s got one home.
That’s the whole damn point.
Fusaka upgrade is incoming in 3 days.
This makes settlement cheaper/faster which means more volume, more burn, more chains relying on ETH for security, more ETH locked for proving and sequencing, and more of the entire ecosystem quietly becoming ETH collateral.
You can already see it drifting that way. ETH backed restaking. ETH secured AVSs. ETH collateral everywhere. It’s gravity.
ETH is becoming the settlement layer for the whole digital economy.
L2s blowing up is exactly why ETH goes way higher.