Solana Co-Founder Sees No Reason To Build Layer-2s, Says Layer-1s Can Process 24,000,000,000 Transfers a Day
Solana (SOL) co-founder Anatoly Yakovenko doesn’t think there’s any reason to build layer-2s, which are protocols designed to help smart contract platforms scale.
A pseudonymous account on the social media platform X recently encouraged developers to build projects on top of Ethereum (ETH) rather than develop new competitors, arguing that layer-2s are “faster, cheaper, and more secure” than layer-1s.
Yakovenko took to X to respond and argue the opposite.
“There is no reason to build an L2. L1s can be faster, cheaper, and more secure. They aren’t slowed down by a glacially moving L1 data availability stack, or have to compromise security with complex fraud proofs and upgrade multisigs.”
The Solana co-founder also argues that layer-1s can scale to accommodate eight billion users without layer-2s.
“Eight billion * three transactions per day is sub 300,000 TPS (transactions per second). That fits in under 1 GBPS (gigabytes per second) of block throughput for 400-byte transactions.”
Yakovenko says data storage on a single blockchain isn’t a concern because Solana “generates a measly amount of data.”
“Like 80 terabytes per year so far. It’s just not enough data to build a business around, but too much for any individual to easily store.”
Solana, a layer-1 platform, is trading at $142.22 at time of writing. The sixth-ranked crypto asset by market cap is up more than 8.5% in the past 24 hours.
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