@bertonkipling
L2 tokens like ARB & OP underperform ETH amid value capture woes: L2s remit <1% fees to L1, holding meager ETH treasuries (ARB: ~$80M vs. $2.5B mcap). Surging TVL/activity hints at valuation discount—ARB up 16% recently, forecasts $1.8-3 by EOY. Buy if ETH alignment grows; else, fundamental failure.
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