Ethereum L2s have been a wealth destruction over the last 2 years.
$POL is down 90%.
$ARB is down 94%.
$OP is down 97%.
With ETH L1 scaling, I think most of the L2s will continue to bleed like this.
#RedditToJoinSP500 #EthereumFoundationDropsPoseidonForL1 #TapestryFallsNearly15%OnEarnings #DeepSeekLaunchesHarnessCodeAgentBeta #SanDiskExtendsGainsTo11%
$POL is down 90%.
$ARB is down 94%.
$OP is down 97%.
With ETH L1 scaling, I think most of the L2s will continue to bleed like this.
#RedditToJoinSP500 #EthereumFoundationDropsPoseidonForL1 #TapestryFallsNearly15%OnEarnings #DeepSeekLaunchesHarnessCodeAgentBeta #SanDiskExtendsGainsTo11%