Ethereum co-founder: Layer 1 fees must stay low to foster growth

Ethereum (ETH) Layer 1 transaction fees must be kept low to foster ecosystem growth, according to co-founder Joseph Lubin. He argued that attracting more businesses and users with low fees is more beneficial to the Ethereum ecosystem in the long term. Lubin predicted that, following the example of companies like Robinhood, tens of thousands of businesses will build services over the next two to three years using a combination of Ethereum Layer 1, Layer 2, and private EVMs. He added that these networks will interoperate freely, increasing the Ethereum network's utility and value, which will naturally boost Layer 1 fee revenue. Lubin also emphasized that this, combined with ETH being locked up through staking and the amount burned exceeding new issuance—maintaining the "Ultrasound Money" structure—will further increase the value of ETH.