👀 ⛵︎ The problem with new L1 Blockchains and their native tokens. 🌹 💨

The crowd cheers: "We don't need anymore L1's!"

It's a commonly held position that we've got MORE than enough Layer 1 Blockchains

and it's futile *or worse* to keep developing more.

But if this notion was so obvious not why but HOW do new L1's keep cropping up and getting enormous funding?

What's so exciting or rather, where is the potential in a new L1 and their native token?

Follow me now and let's explore this together!