Ethereum Co-founder Joseph Lubin Advocates for Low Ethereum L1 Fees to Promote Growth
Ethereum co-founder Joseph Lubin stated that L1 fees should remain low to attract enterprises. In the next 2-3 years, tens of thousands of companies will establish themselves in mixed environments of L1, L2, and private EVM chains (such as Besu), which will achieve full interoperability.
He believes that monetary premiums will increase significantly, with fee revenues from L1 activities rising substantially, ETH staking locking supply, and the ultrasound burn mechanism further boosting ETH value.
Market Mechanism: Low fees drive developers and enterprises to migrate, with increased activity converting into L1 fee revenues and ETH burns, directing funds towards ETH staking and holding, benefiting long-term ETH holders and ecosystem participants.
Source: Public Information
ABAB AI Insight
Joseph Lubin, as the founder of ConsenSys and an early core contributor to Ethereum, has repeatedly emphasized Layer 2 scaling and enterprise adoption, previously promoting the development of the private EVM chain Besu. His current views continue his optimistic expectations for the long-term growth of Ethereum's multi-layer architecture.
On the capital path, Lubin believes that large-scale enterprise adoption will create positive feedback through activity volume, staking, and burning, with ETH as the core of value capture, resources shifting towards interoperable infrastructure, strategically consolidating Ethereum's leading position in enterprise blockchain.
Similar to debates on fee strategies for Solana or other L1s, Ethereum is currently transitioning from high fees to a low-fee, high-activity model, where L2 siphons off value while L1 captures it.
Structural Judgment: Essentially, this is a technology substitution driven by capital concentration. Low L1 fees attract clusters of enterprises and developers, forming network effects that return value to ETH through activity volume and burning mechanisms. The mechanism lies in the multi-layer architecture achieving scale expansion and scarcity enhancement, shifting pricing power from single fees to overall ecosystem value capture.
ABAB News · Law of Cognition
Low fees nurture ecosystems, high activity generates monetary premiums, prioritizing growth over short-term revenue.
Staking and burning lead to supply contraction, acting as a value amplifier.
Enterprise clusters outperform retail speculation, with infrastructure attracting capital rather than chasing it.