Which L2 is gonna be next to shut down? 📉💀
This 24-hour L2 fee data is way more interesting than it looks. The gap between the top and bottom is massive:
🟢 Top Earners (24h Fees):
• Starknet: $8,860
• Celo: $4,870
• Abstract: $3,370
• MegaETH: $2,465
• X Layer: $1,520
• Blast: $1,480
• Linea: $1,252
🔴 The Bottom:
• Plume: $94
• Manta Pacific: $87
• Ronin: $61
• Metis: $52
• Soneium: $49
• Mode Network: $13
• Lisk: $4
• Gravity: $1 ⚠️
Yes, $1 in 24 hours.
Low fees don't automatically mean an L2 is dead. A chain can stay alive if it has:
↳ Deep treasury & VC runway
↳ Ecosystem incentives & grants
↳ Strategic parent/partner backing
The real test: Does organic economic activity ever catch up with the cost of keeping the network alive?
Launching an L2 is no longer the hard part.
Getting users, liquidity, apps, and sustainable cash flow is.
I wouldn't write off Gravity, Lisk, or Mode just yet, but they are on watch.
If these metrics stay flat while competitors compound users, the narrative flips fast:
❌ "Can this L2 grow?"
➡️ "Why does this L2 need to exist?"
The upcoming L2 shakeout won't be about tech.
It will simply be about economics. 🧵
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Which L2 is gonna be next to shut down? 📉💀
This 24-hour L2 fee data is way more interesting than it looks. The gap between the top and bottom is massive:
🟢 Top Earners (24h Fees):
• Starknet: $8,860
• Celo: $4,870
• Abstract: $3,370
• MegaETH: $2,465
• X Layer: $1,520
• Blast: $1,480
• Linea: $1,252
🔴 The Bottom:
• Plume: $94
• Manta Pacific: $87
• Ronin: $61
• Metis: $52
• Soneium: $49
• Mode Network: $13
• Lisk: $4
• Gravity: $1 ⚠️
Yes, $1 in 24 hours.
Low fees don't automatically mean an L2 is dead. A chain can stay alive if it has:
↳ Deep treasury & VC runway
↳ Ecosystem incentives & grants
↳ Strategic parent/partner backing
The real test: Does organic economic activity ever catch up with the cost of keeping the network alive?
Launching an L2 is no longer the hard part.
Getting users, liquidity, apps, and sustainable cash flow is.
I wouldn't write off Gravity, Lisk, or Mode just yet, but they are on watch.
If these metrics stay flat while competitors compound users, the narrative flips fast:
❌ "Can this L2 grow?"
➡️ "Why does this L2 need to exist?"
The upcoming L2 shakeout won't be about tech.
It will simply be about economics. 🧵
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