Ethereum

Liquidity fragmentation is not a serious threat to ethereum's L2 model

In short, while liquidity fragmentation is a serious challenge and there are many good ongoing efforts to mitigate it, the idea that liquidity fragmentation wholesale refutes the L2 model is totally untrue. It's a psyop or just plain ignorance.

Would you still hold this position if the efforts to mitigate fragmentation fail?

Liquidity is fragmented for good reason. Excess fragmentation will always be competed away and excess unification will always be segmented away. Liquidity fragmentation is as old as trade itself