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Not financial advice. Just to clarify what I meant by the layer 1 explanation: It’s not a perfect example but essentially the layer 1 acts as a sort of “App Store” where other applications, “layers 2’s”, can exist. So in the example, the binance mobile app is to the App Store what Polygon is to Ethereum in a way. Layer 1’s are the host to the applications and those applications fees are paid in the network they’re built on.
