Anatoly Yakovenko Criticizes Ethereum’s Layer 2 Model

Anatoly Yakovenko, Solana co-founder, criticized Ethereum’s Layer 2 model on Twitter, labeling it “fundamentally broken” and triggering industry-wide discussions on October 26-27, 2025.

Yakovenko’s remarks bring heightened scrutiny to Ethereum’s scaling solutions, raising questions about their security and impact on the cryptocurrency market.

Yakovenko: L2 Models Pose Security Risks

Anatoly Yakovenko, a key figure in blockchain, challenges Ethereum’s Layer 2 security. He criticized L2 models for failing to guarantee secure decentralization in public Twitter posts.

According to Yakovenko, L2s rely on complex codebases and multisig, which pose security risks. This challenge to Ethereum’s approach sparks new debates among developers and market participants. “The claim that L2s inherit eth security is erroneous. 5 years into the L2 roadmap, wormhole eth on solana has the same worst case risks as eth on base and generates as much revenue for eth L1 stakers. It’s wrong no matter how you slice it.”

Security Concerns May Influence Trade Strategies

Yakovenko’s critique impacts perceptions of Ethereum’s scalability solutions. Concerns over L2 security could influence trading strategies between Ethereum and Solana, affecting their asset valuations.

Industry stakeholders are reassessing L2 security, influencing institutional and retail market allocations. The criticism underscores potential shifts back to high-throughput alternatives, like Solana.

Bridge Exploits Highlight L2 Vulnerabilities

Critiques of L2 security aren’t new. Past issues include bridge exploits and centralization concerns. These debates reflect ongoing tensions in the blockchain industry regarding secure scaling solutions.

Possible outcomes include shifts to alternative networks or improved L2 security protocols. Historical data suggest such criticisms may prompt technological advancements or regulatory scrutiny.