The valuation logic of Layer 2 network (such as Arbitrum and Optimism) ecosystem tokens is a complex issue. On one hand, these networks offer lower transaction fees and higher throughput compared to the Ethereum mainnet, which could drive demand for their tokens. The more users and projects that migrate to these Layer 2 networks, the greater the utility and potential value of their tokens. On the other hand, the market is still relatively new and speculative, and the long - term viability of these networks is yet to be fully proven. Factors such as the level of decentralization, security, and the ability to attract high - quality projects also play crucial roles in determining the true value of these tokens.