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Ethereum has been in hot water lately.
Sentiment is down, and critics have been quick to point out ETH's underperformance against SOL while largely attributing this to a perceived loss of mindshare and users to L2s.
This narrative has sparked a crucial debate: Are L2s Ethereum? The answer, as with most things in crypto, is a delightful mix of mess and simplicity. So, let’s take a closer look at both sides of this argument and explore the relationship between Ethereum and L2s. 👇
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