My hot take re "too much investment in infra": there's too much investment in *some kinds of infra* and not enough in others, and what's actually going on is, people want to invest in "the casino" but still feel good about themselves, so they invest in the subset of infra that gets spillover profits from the casino.

eth is neutral, but if tons of memecoin trading/nft minting happening result in blockspace becoming a hot commodity, eth would certainly get spillover benefits despite the fact that the chain itself is built for better things