$ARB + $METIS — L2 money isn't moving evenly

The L2 market is showing a strange split.

ARB is up 26.31%, while METIS is up 20%.

These aren't random meme moves. Both are established scaling narratives, yet capital is suddenly repricing them aggressively.

That makes the divergence interesting.

Maybe traders are rotating back into beaten-down infrastructure.

Or maybe this is simply short-covering across neglected L2s.

Either way, the important signal is where liquidity chooses to go first.