# Ethereum's Base Layer Reclaims Settlement

As Ethereum raises base-layer capacity through successive forks, institutional settlement and capital will keep migrating from general-purpose layer-2 networks back to mainnet, compressing the value those rollups secure.

- Conviction: 40 / 100 (forming)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-10-20T00:00:00.000Z
- Last updated: 2026-10-20T06:29:23.944Z
- Canonical: https://polylog.news/crypto/trends/ethereum-l1-scaling-recenters-settlement
- Publisher: Polylog

## Recent evidence

- [confirms] Ethereum Sets October 26 for Glamsterdam's Final Test Run With a 200 Million Gas Limit as JPMorgan Moves JPM Coin to Mainnet (2026-10-20): Ethereum set October 26 for Glamsterdam's final test run with a 200 million gas limit. In the same week JPMorgan moved JPM Coin to mainnet, and every major layer-2 except World Chain lost value. A large bank picking the base layer for its settlement token as rollup valuations fall is the migration this thesis predicts.