The most anticipated investment segment but the weakest performance in the past 2 years is probably Layer2.
Layer2 could be an "echo bubble" of investing in Layer1 in the previous cycle when the majority mistakenly thought number 2 would be stronger than number 1. In 2022, I also mistakenly thought the same until everything became clearer in 2023.
This is not FUD, this is FACT.
The assets with the strongest increase in the past 2 years are still in Layer 1: Solana, Ethereum, Bitcoin and most recently TON and Ronin.
In terms of "technology", other areas such as RWA, DEPIN or Restaking operate much more effectively than Layer 2.
Layer2's poor performance is also due to capital being diluted into hundreds of different Layer 2s. While in other investment fields, there are only a few options.
In my personal opinion, for Layer 2 to develop sustainably, there should be a high level of "stress testing", maybe even a black swan specifically for this investment segment, which can be called "the collapse of Layer 2". ".
This collapse is temporary, after which we will see that the most practical, well-functioning, and community-driven Layer 2s will be able to endure and survive.
