August 7, 2025

Galaxy’s Alex Thorn calls Ethereum L2s ‘ETH extractive’ amid fee retention concerns

Galaxy head of research Alex Thorn criticized the business model of many Ethereum (ETH) layer-2 (L2) blockchains as “ETH extractive.”In an Aug. 6 social media post, Thorn argued that L2 networks retain most of the fee revenue while contributing relatively …

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