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optimist 🎩
@gigarahul.eth
is it so fucking hard to believe that financial performance isn’t correlated to utility value ffs obviously L2 tokens are extracting value from $ETH but that doesn’t mean Eth is dead tf
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Caster Cat #648 🎩🧾
@ariansh.eth
I wouldn’t say they are extracting value they are providing a valuable service (scale) in exchange for security therefore L1<>L2 relationship is symbiotic
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Jack
@jackten
Nobody is saying it's dead, they are saying the token is a relatively unattractive financial investment compared to more performant crypto options
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Juli 🎩↑
@juli
I really don't know why L2 tokens should extract value from Eth. They are comparably very small and don't get much inflows so far. They literally created the money out of thin air.
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Bel Liel
@beliell
Other chains have higher utility value and therefore outperform eth.
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