@Nillion decision to shut down its L2 and move users back to Ethereum L1 raises an important question: did the L2 gain enough traction to justify its existence?
The recent migration notice could be driving users to move their tokens, while the October 24 unlock may also be influencing positioning. Both factors could be playing a role.
What stands out to me is the broader direction. Nillion is moving users toward Ethereum L1 after Dusk, the first Covenants release, went live on Ethereum mainnet. Rather than expanding its L2 ecosystem, the project is consolidating around Ethereum.
This could suggest that the L2 gained limited traction, although it may simply be a strategic transition. Without reviewing the bridge transaction data, it's too early to draw a firm conclusion.
For me, the key metric to watch next week isn't the price of $NIL , but how much supply remains on the old L2 as the shutdown approaches.
Would you bridge your #NIL to Ethereum now, or wait until closer to the deadline?
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