Decentralized sequencers are essential for layer-2 networks

Centralization risks in layer-2 networks: Most Ethereum layer-2 networks rely on a single sequencer, risking user exposure to central control. With about 97% of all Ethereum transactions on these networks, this centralization raises concerns over security and operational shutdowns.

Growth of decentralized solutions forecasted: Elena Sinelnikova predicts a significant rise in decentralized solutions by 2025 as layer-2 transaction volumes triple. With over 60 billion USD locked in layer-2 networks by December 2024, the focus on decentralization is increasingly important.