While BITCOIN, AI, and memecoins are being pumped, Layer 2—technology that’s expected to accelerate Ethereum—is struggling.
$OP: -72%
$ARB: -80%
$STRK: -87%
$ZK: -50%
$SCR: -60%
$BLAST: -75%
$MANTA: -86%
👉 “What you’re buying is the project’s token, not the project itself.” Unfortunately, Layer 2 tokens have almost no use case.
$BASE is the most successful Layer 2 in attracting Dapps and liquidity to TVL, but it doesn’t have a token. $BASE generates its own revenue, with Coinbase being the beneficiary.
In contrast, other Layer 2 projects have yet to generate positive cash flow as they haven’t attracted enough users. Therefore, the cash flow to support devs comes from unlocking tokens and dumping them on the market.
Do you believe Layer 2s will see a strong rally when #altcoinseason begins?
