DeFi

Gm frens

What are y’all thoughts on L2s atm?

I feel like the top ones are a bit under valued. Basically all of them are worth low single digit billions or less, despite having pretty strong network effects.

Meanwhile BNB is sitting at a $90B valuation with a fraction of the activity of Eth L2s.

Actually a crazy valuable comparison

BnB has a very particular corner of the market but arguably so does Base (western consumer) and optimism (infastructure)

Be interesting to see

Especially OP as its become the escape goat for chains not to have a token in the near term