Originally published on: December 07, 2024
The Ethereum layer-2 (L2) ecosystem is rapidly expanding, but the issue of centralization remains a concern. Elena Sinelnikova, co-founder of Metis L2, believes that decentralized sequencers are essential for the anti-fragility and censorship resistance of layer-2 scaling solutions.
Sinelnikova pointed out that most layer-2 networks rely on a single sequencer, leaving users vulnerable to potential centralization risks. By adopting decentralized sequencers, platforms can enhance their security and independence. She emphasized the importance of decentralization in maximizing the resilience of layer-2 networks.
While the Ethereum Foundation has proposed measures to improve decentralization through enhanced L2 interoperability, Sinelnikova argues that decentralized sequencers offer a more straightforward solution. As the number of layer-2 scaling solutions continues to grow, embracing decentralization will be crucial for the long-term sustainability of the ecosystem.
In a recent development, Ethereum co-founder Vitalik Buterin outlined plans to increase transaction throughput to 100,000 transactions per second (TPS) as part of Ethereum’s roadmap, known as “The Surge.” This initiative aims to promote interoperability between the Ethereum base layer and its layer-2 networks, further highlighting the need for decentralized sequencers.
The surge in activity on layer-2 networks has led to a significant increase in daily transaction data and total value locked. Ethereum L2s recorded $51.5 billion in total value locked in November 2024, marking a 205% year-over-year growth. Leading platforms like Arbitrum One and Base have seen substantial increases in total value locked, underscoring the growing importance of layer-2 solutions in the Ethereum ecosystem.
As the Ethereum layer-2 landscape evolves, decentralized sequencers will play a crucial role in ensuring the security, scalability, and decentralization of these platforms. Embracing decentralized solutions is key to unlocking the full potential of layer-2 networks and driving the future of blockchain technology forward.
