@jdferguson.base.eth
I agree.
I know @vitalik.eth recently made a statement regarding L2’s and it has created a lot of FUD in the market.
Vitalik admits the old L2 vision no longer works.
$ETH L1 is scaling fast so generic rollups add no real value now.
~$40B on L2s, but ARB + Base hold 65%. The rest are fragmented, stuck, and going nowhere.
Only L2s that do what $ETH can’t will survive.
BASE will survive but many will not. 👀
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