TLDR: โL1s donโt capture revenue because theyโre decentralized - L2s do because theyโre centralized.โ
Lowering security costs & capturing revenue are two factors out of a plethora of reasons for the shift to L2s.
However, donโt discount the fact that most ecosystems rabidly failed to build their own network economies as they struggle to; attract liquidity, enrich & retain users, onboard dApps that arenโt just forks, and most importantly - most projects have little to no business acumen.
One of the main reasons for the increase in L2s is predatory VCs seeking infra plays as quick exit liquidity and teams were ready to lap it up instead of building real crypto based businesses.
The shift to L2s wonโt work unless there is a niche business case for doing so. There is absolutely no necessity for 458 EVM L2s.
Blockchain isn't just tech; Itโs about access, opportunity, and building a future where more people thrive.
Mavryk's founder @mv1_Davis breaks it down.
#BeMavryk
๐ POGs are BACK โ and on the blockchain!
Beamable & @PogDigital are reviving the 90s classic with POG Battle, a Web3-powered game where you can flip, collect & own digital POG:
๐ฅ 250K+ games played
๐ฐ $1.2B worth of POGs used in battles
๐๏ธ Claim your free GDC Beamable POG now: https://t.co/ril8pfqjDa
Old-school fun meets new-school tech. Are you ready to SLAM?
We are proud to announce our partnership with @WalrusProtocol, the decentralized storage network โ together we are redefining verifiable data availability! ๐ฆญ
Soundness Layer brings fast, censorship-resistant data verification to the ecosystem.
Join our upcoming testnet!
๐งต๐
Just launched my @layeredge CLI Light Client node effortlessly with @mintairxyz! ๐ The process was seamless. Proud to be part of the #Noderzz communityโjoin us today on https://t.co/kxVlvN0rWC!
I've just started running my light node on LayerEdge's Incentivised Testnet Dashboard and earning points. Contribute now towards a Bitcoin-backed internet while earning rewards by simply using my referral code that you'll need to access the dashboard: sC6j6tJ4
Locked in my application for a @kintsu Beta Access Pass NFT!
Kintsu's sMON is creating a new paradigm in liquid staking, fully decentralized and community driven. Ready to launch on Day 1 of @monad_xyz Testnet.
Are you ready?
Get yours now! https://t.co/CfnhqilX1Q
Hemi is collaborating with @okutrade to bring non-custodial DEX trading experience and analytics to our ecosystem!
By offering real-time insights into liquidity dynamics and market trends, Oku will enhance the decision-making process for traders and liquidity providers within Hemiโs ecosystem.
https://t.co/hf54ZB26T9
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