Summary: As Ethereum continues to grow, core developer Eric Conner predicts a shift in the network’s mainnet usage, with layer-2 solutions emerging to handle daily transactions and reduce fees. This transition aims to maintain Ethereum’s “liveness” while improving user experience and affordability.

The Future of Ethereum’s Mainnet

In a recent online discussion, Ethereum core developer Eric Conner shared insights into the anticipated evolution of the Ethereum network. Conner explained that the Ethereum mainnet is expected to transition away from being the primary hub for everyday transactions.

High Fees Prompting Shift to Layer-2 Solutions

Conner addressed one of the most pressing issues for Ethereum users: the high cost of transactions. He notes that while the mainnet has been pivotal for the network’s development, the future will see it acting more as a decentralized application (dApp) and settlement layer.

“Ethereum L1 in the long term isn’t where daily users will transact. It will be the DA/settlement layer. L2s will (and are!) taking care of the high fee issues.” — eric.eth (@econoar), February 7, 2024

Layer-2 Solutions: A Beacon of Hope

Conner is bullish on the role of layer-2 solutions in addressing these fee concerns. He suggests that the increasing adoption of these platforms is a testament to their effectiveness in reducing costs for users.

User Experience: A Work in Progress

Despite the benefits, some users have criticized the user experience (UX) of layer-2 solutions. Conner remains optimistic, citing significant strides in UX improvement over recent years. He believes that wallets will evolve to offer a more integrated and seamless experience.

Comparing Costs: Mainnet vs. Layer-2

Current data reflects the economic incentive to switch to layer-2 platforms. BitInfoCharts cites the average transaction fee on the Ethereum mainnet at $9. In contrast, a token swap costs considerably less on layer-2 solutions like Loopring or Optimism, according to L2Fees.

Looking Ahead

The Ethereum network is poised for significant change, with its mainnet providing the backbone for a new era of dApps and settlements, while layer-2 solutions take the lead in everyday transactions. This dual-layered approach could ensure the longevity and scalability of Ethereum for years to come.