Manta’s Kenny Li argues that only blockchains with a “modular” approach stand a chance of survival, but critics say the whole debate is just a marketing stunt.
Of the 44 active Ethereum layer 2 blockchains in existence today, “only a few” will still be around in five years, says Kenny Li, the co-founder of Manta Pacific.
According to data from L2Beat, there are currently a total of 44 active Ethereum Layer2 networks, boasting a combined total value locked (TVL) of $36.92 billion, with Arbitrum (ARB) standing in first place at $14.5 billion TVL.
However, Li, the chief operating officer and co-founder of Manta Pacific, claims that the future is only properly paved for “modular” blockchains such as Manta, Celestia, and Cosmos.
