Summary
- As Ethereum's position has been declining recently, Justin Sun suggested that it needs to collect more fees from large Layer 2 networks.
- Founder Sun stated that it's important to increase Ethereum's annual revenue through Layer 2 networks and impose higher taxes on certain large Layer 2 networks.
- He said that while support for early-stage Layer 2 projects is necessary, higher taxes should be imposed on large Layer 2 networks like Base and Polygon.
Advice has emerged suggesting that Ethereum (ETH), which has recently seen its market position significantly reduced, should collect more fees from large Layer 2 networks.
On the 27th, Justin Sun, founder of Tron (TRX), claimed through an interview with Chinese blockchain media BlockBeats that "personally, I believe Ethereum's tax revenue from networks like Base (BASE) and Polygon (POL) should not be less than $200 million." He further added that "Ethereum is excessively subsidizing Layer 2 networks."
The founder Sun advised that Ethereum should increase its annual revenue through Layer 2 networks. He explained, "If Layer 2 networks increase their tax payments to Ethereum to around 8%, it would provide Ethereum with more stable revenue. Of course, it's necessary to provide some level of support to Layer 2 projects in their early development stages. However, larger Layer 2 networks like Base and Polygon should be taxed at higher rates."
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