ETHEREUM'S NEXT 5 YEARS AS THE RISK-FREE ASSET

Summary from the TLDR Crypto newsletter

Ethereum's future lies in proof aggregation, with L2s like ZKsync defragmenting the network and scaling it to millions of TPS, rendering alternative L1s obsolete. The Ethereum L1 remains the source of incorruptibility and neutrality, expected to reach 10,000+ TPS within three years, but still not enough for global demand. As L2s evolve into cashflow machines replacing traditional payment rails (e.g., credit cards, FX, and remittance apps), their success will flow back to Ethereum, which underpins their security. Investors should own the L2s generating yield to accumulate ETH, the risk-free asset of the EVM economy.