Castle Island Ventures Partner: L2 is too greedy, leading to Ethereum's poor performance

ChainCatcher news, the ETH/BTC exchange rate has reached its lowest level in nearly five years, with some investors even calling ETH a "completely dead" investment. Nic Carter, a partner at Castle Island Ventures, believes that "ETH is dying by its own hand," as L2 is too greedy, leading to a decline in Ethereum's trading activity, user growth, and fees/revenue. Ethereum can be seen as a practical network, but it is "absolutely not" an investment.