Suhail Kakar
@suhailkakar
in case you'd like to know how many actives chains are in crypto right now :) https://x.com/SuhailKakar/status/1897024850717499874
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King DeFi
@kingdefi
But how can you assume that all L1s with less than $100M mcap is a scam? Such assumption is wrong IMO.
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Suhail Kakar
@suhailkakar
no, it doesn't mean they are 100% scam. as i said, the cost to maintain a real l1 (validators, security, infra, devs, etc.) is massive. anything sub-$100m is struggling to stay alive or is outright vaporware
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