Is Ethereum's gas fee too low to warrant L2 connectivity? That's not the real issue—the Ethereum economic zone realized by the EEZ | BitTrade Market Report

The extreme excitement seen in the past has subsided, and the significant decrease in gas fees on Ethereum L1 (mainnet) has become a hot topic. Previously, high gas fees were incurred for transactions and NFT minting, making it unsuitable for casual, small-amount transactions.

As of March 2026, the average gas price is low, at around 0.3-0.4 Gwei, and everyday transactions are increasingly costing only a few yen.

Against this backdrop, ENS (Ethereum Name Service) announced the discontinuation of its own L2 project and a complete transition to L1. Vitalik Buterin has also pointed out that the traditional L2 direction is "outdated," and opinions are spreading within the community that "L2 is no longer necessary" and "L1 alone is sufficient."

However, I have some reservations about this "L2 is unnecessary" argument.

This is because the true role of L2 is not solely to lower gas fees.

The value of L2 lies in scaling Ethereum as a whole while maintaining it as a unified economic zone. And now a new project has emerged that directly addresses this crucial aspect: EEZ (Ethereum Economic Zone).