Messari researcher AJC has raised concerns about the impact of Lighter's operations on Ethereum. Lighter's total value locked (TVL) is primarily in USDC, offering limited benefits to Ethereum's monetary ecosystem. The platform incurs a daily on-chain cost of approximately $685, which translates to an annualized cost of about $250,000, covering around 90% of Ethereum L2's daily transactions per second (TPS). However, this activity provides minimal benefit to Ethereum.
Jarrod Watts from the Abstract team attributes this to the low data block cost of just 1 wei, allowing Lighter to secure L1 guarantees at a minimal expense while maintaining easy interoperability with other L2 solutions. The main issue identified is the need to adjust blob fees and pricing. AJC suggests that Ethereum should charge more for its L2 services, but warns that increasing fees could drive Lighter to switch to alternative data availability providers.
Messari Researcher Highlights Ethereum L2 Cost Concerns
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