I think he worded it awkwardly and that wasn't what he meant.

Maybe the meaning is that the L1 blockspace would be enough for just the biggest txs that will ne able to afford it.

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My explanation wasn't any better, so let me try again.

The L1 blockspace would be enough just for the whales, institutions or countries to transact on.

Not 1 transaction/block, but just the most valuable txs would/could be done on L1 due to the costs.