Something to keep in mind:

The narrative of "layer 2's won't accrue value to ETH" is pushed by those who hold ETH competitor assets.

ETH capturing value from scaling is not good for these competitor assets and long-term sucks the air out of them as their narratives fall apart.

Independent Ethereum educator, angel investor and advisor. 

Founder of /thedailygwei.

its all so tiring...ty for continuing to repeat yourself til more and more people understand

I was surprised to see that Solana has not overtaken Ethereum in DEX volumes on a weekly basis yet. Do we think Solana season lasted for all of Q1/24 and now the degens move on? 

Data from https://defillama.com/dexs/chains.

I think sucking out the air is already happening. It's over.

I think sucking out the air is already happening. It's over.

https://warpcast.com/xh3b4sd.eth/0x3b67eff4

ETH is still the hard money/base asset on all L2s

Sounds like Bitcoiners. Nothing wrong holding multiple coins across ecosystems. We can win together.

I see some folks switching to criticism of L3s instead. Thoughts on this?