@fukafaka

The fundamental idea behind Layer 2 solutions (L2) on the Ethereum Virtual Machine (EVM) was to provide a low-fee environment within the vast liquidity base of Ethereum. However, today Solana itself has comparable liquidity sufficient for most DeFi applications. It also has its own community with prominent figures and brand recognition. This means that the narrative of the previous cycle, which held that EVM alone was sufficient for Ethereum's growth, is now obsolete—user experience isn't improving, and governance tokens are left somewhere near advanced meme coins. Users generally do not complain about unverifiable proofs or insufficient decentralization of the network – instead, they complain about high fees, slow transactions, and frequent hacks. Teams that understand this and prioritize these issues will win in the long run.

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