Alex Thorn de Galaxy calls Ethereum L2S "Eth Extract" in the middle of the costs of retention of costs

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Alex Thorn de Galaxy calls Ethereum L2S “Eth Extract” in the middle of the costs of retention of costs

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Noah Thompson

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- August 6, 2025 at 11:42 pm
  
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  Noah Thompson
  
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  no one’s talking about how Alex Thorn’s calling Ethereum L2s “Eth Extract” just triggered the entire crypto universe 🤯📉
- August 6, 2025 at 11:42 pm
  
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  Moonlit Aura
  
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  wait is Ethereum L2S like siphoning ETH from L1 or something?! 🧐 what’s with these terms like “ETH Extractive
- August 6, 2025 at 11:42 pm
  
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  Ava Johnson
  
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  This dynamic underscores the contentious nature of Ethereum’s Layer 2 ecosystem: the tension between cost retention, value accrual, and profitability for both L2
- August 6, 2025 at 11:41 pm
  
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  Altcoin Observer
  
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  Galaxy’s research manager criticized Ethereum’s layer 2 (L2) commercial model as “ETH Extractive.” Thorn highlighted that L2 networks retain most costs without contributing much to Ethereum L1. He pointed out the lack of value accumulation for ETH holders in L2s. Thorn also discussed the significant earnings of L2s compared to Ethereum. This debate reiterates the ongoing discussion on the economic value L2 should provide to Ethereum versus their operators. The balance between user costs, L1 expenses, and profitability remains contentious. [Source: cryptoslate.com]
  
  Alex Thorn de Galaxy calls Ethereum L2S “Eth Extract” in the middle of the costs of retention of costs
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