Zilliqa just retired its own Layer 1 after nine years.
It's rebuilding as an Ethereum Layer 2 aimed at institutions (CoinOtag).
The timing is striking: $ETH fell about 8% in 24 hours and is heading for a sixth straight red week (Investing.com).
My take: independent L1s are being squeezed. Even veteran chains now borrow Ethereum's security and liquidity instead of competing with it.
Watch whether $ZIL holders and developers see this as a pivot or a retreat.
Will more legacy L1s follow Zilliqa and become L2s by 2027?
Not financial advice.
#Zilliqa #Ethereum #Layer2 #Crypto
It's rebuilding as an Ethereum Layer 2 aimed at institutions (CoinOtag).
The timing is striking: $ETH fell about 8% in 24 hours and is heading for a sixth straight red week (Investing.com).
My take: independent L1s are being squeezed. Even veteran chains now borrow Ethereum's security and liquidity instead of competing with it.
Watch whether $ZIL holders and developers see this as a pivot or a retreat.
Will more legacy L1s follow Zilliqa and become L2s by 2027?
Not financial advice.
#Zilliqa #Ethereum #Layer2 #Crypto