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Joseph Lubin says low Ethereum L1 fees are key to ecosystem growth

Joseph Lubin says low Ethereum L1 fees are key to ecosystem growth

The Ethereum co-founder said wider deployment across L1, L2 and permissioned EVM networks over the next 2 to 3 years, alongside staking and renewed net ETH burn, could support ETH value.

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Fact Check
The original tweet from Joseph Lubin's verified handle @ethereumJoseph (status 2076838398510211122, 2026-07-14) directly confirms every element of the claim: low L1 fees to foster growth, wider deployment across L1/L2/permissioned EVMs (Besu) over 2-3 years, staking/locking reducing supply, and net ETH burn under ultrasound conditions supporting ETH value. Three independent news outlets (Odaily, PANews, BlockBeats) reported the same statement and cited this exact tweet, providing strong corroboration.
Summary

Ethereum co-founder Joseph Lubin said on July 14 that keeping Ethereum L1 (base-layer network) fees low is important for ecosystem growth. He said he expects tens of thousands of companies to deploy across Ethereum L1, L2 (secondary networks built on Ethereum) and permissioned EVM (Ethereum Virtual Machine) networks over the next 2 to 3 years, linked by cross-layer interoperability (systems that let different layers work together). Lubin added that broader adoption, staking (locking crypto to help secure the network), other token lockups and a return to net ETH burn could support ETH value.

Terms & Concepts
  • L2: Secondary networks built on Ethereum
  • permissioned EVM networks: Restricted-access Ethereum-compatible networks
  • net ETH burn: More ETH destroyed than issued