Polygon Labs CEO criticizes Ethereum Layer 3 networks as Degen mints millionaires
QUICK TAKEMemecoin trading activity has exploded on Degen, a Layer 3 network that runs on Base, which in turn runs on Ethereum.Polygon Labs’s CEO has criticized L3 chains for drawing value and security away from Ethereum, stating that the company has no plans to work on its own L3 network. Since its launch last week,…