VC Blames Layer-2s and Token Inflation for Ether’s Waning

ETH Ethereum Market Carter argued that “greedy Eth L2s” are siphoning off value from Ethereum’s base layer while giving little back. Last updated: March 29, 2025 Author Ruholamin Haqshanas Author Ruholamin Haqshanas About Author Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto... Author Profile Share Copied Last updated: March 29, 2025 at 12:38 GMT+2 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews Ether (ETH), the second-largest cryptocurrency by market capitalization, is facing increasing criticism from some investors and analysts who question its long-term investment appeal. Crypto venture capitalist Nic Carter of Castle Island Ventures pointed to two key issues undermining Ether’s value: the rise of layer-2 (L2) scaling networks and unchecked token issuance. In a March 28 post on X, Carter argued that “greedy Eth L2s” are siphoning off value from Ethereum’s base layer while giving little back. Carter Blames Ethereum’s Token Bloat for Decline. He also criticized the Ethereum community’s acceptance... https://cryptonews.com/news/vc-blames-layer-2s-and-token-inflation-for-ethers-waning-investment-appeal/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple