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Feb 07
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AVOID/SHORT
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Taylor Monahan
Security Lead at MetaMask
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Taylor states, "You should not create another freaking L2... we're past the point of healthy competition." Kane notes the market is "pricing these all at zero." With 700+ L2s and liquidity fragmentation, users and liquidity will flee "ghost town" chains. Without a unique differentiator (like Base's distribution or OP's stack), generic L2 tokens have no value proposition against a cheaper Ethereum Mainnet. AVOID. Capital will rotate out of mid-cap L2s back into ETH or the top 2 dominant L2s. A specific L2 might pivot successfully to a niche "AppChain" model (gaming/identity) and survive. |
Unchained (Chopping Block)
Do We Still Need L2s Now That Ethereum Has Sc...
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