The emergence of OP Stack has made it zero-threshold to issue L2 with one click. Coinbase, Frax, and even DeBank have to issue their own second-layer chains.

The morons spend millions of eth doing meaningless interactions between various L2s. The ones who really make money are those L2s that are centralized serializers and cross-chain bridges that charge bridge fees, such as zksync and Orbiter. Every month Charge millions in handling fees.

The prostitutes are constantly being countered by the project side, and the wealth accumulated in the bull market is slowly dissipated, and finally the real demand on the chain can be seen.