Lugui Tillier, Chief Commercial Officer of Lumx Studios, posted that the future of Ethereum is relying on the rise of thousands of Layer 2 (L2) blockchains. In 2024, major NFT series such as Pudgy Penguins, Bored Ape Yacht Club, and Azuki, as well as traditional companies such as Fox Corporations and Flipkart, have announced the launch of their own L2s. This trend, while seen as hype by some, could actually see thousands of L2s in the coming year, which will greatly contribute to the development of the Ethereum ecosystem. L2 solves the scalability and cost issues of Ethereum by processing transactions in batches and sending them back to the Ethereum mainnet. Polygon, Optimism, and ZkSync, among others, are addressing the fragmentation issue through a liquidity aggregation layer, driving the growth of the Ethereum ecosystem.