Remember $ETH gas hitting $250 because of 14 TPS bottleneck? Everyone panic-bidding at once?

That's coming back. Not just $ETH$SOL and every chain will hit saturation again. Shutdowns incoming.

The industry STILL doesn't have enough compute. That's the real answer to "why another L1/L2?"

When this market actually matures, the compute crunch becomes existential. Most chains aren't ready.