[Tom Lee: Ethereum Will Not Be Cannibalized by Layer 2, Poised to Become a Settlement Layer] Bitmine Chairman Tom Lee stated that Ethereum is likely to become the most widely used settlement layer for finance and AI agents, with ETH serving as the on-chain currency. Tom Lee disagrees with the view that Ethereum is being cannibalized by Layer 2 and pointed out that while Layer 2 networks attract users into the on-chain ecosystem, the Ethereum mainnet remains the primary economic settlement hub. The Fast Confirmation mechanism reduces transaction friction by approximately 98%.