ETHEREUM'S SECURITY DEPENDS ON DECENTRALIZING L2S

Summary from the TLDR Crypto newsletter

Although Ethereum L1 is nearly incorruptible, its Layer 2 ecosystem still depends too heavily on multisigs and centralized sequencers, making it vulnerable and incomplete in achieving true Ethereum-level security. We need to enable decentralized sequencing, through shared or Based rollup designs, to enable secure, composable liquidity and state across L1 and L2. Without this, each rollup must rebuild costly infrastructure like oracles and liquidity, undermining Ethereum's scaling vision.