Nillion stated that it will gradually shut down its L2, requiring users still holding NIL to migrate to Ethereum L1, stating that the adjustment is solely a maintenance operation.
PANews, citing The Block, reported that Ethereum Economic Zone contributor Eduardo Antuña said the project completed its first atomic cross-chain L1 to L2 transaction on mainnet.
The article argues that leading L2s use Ethereum’s security at relatively low cost while absorbing user activity, liquidity, and transactions, making the Ethereum mainnet’s value-capture problem more prominent.