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Layer 2 Scaling bad for Layer 1 Price

Etherum Reddit

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So I get how layer 2 is bullish for scaling, and potentially speed, but won't this be bearish for ETH price? My logic: Less demand for L1 block space if they use L2s, less transactions on layer one as they occur on L2s and overall less fees accruing on L1s.

submitted by /u/Harveyspecktor
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