just had its worst day in the top 100 — down 10%.
Two Ethereum layer-2 networks have now shut down in a single week, with Pudgy Penguins' Abstract the latest to go offline. (-7%) and (-7%) got dragged down with it, while MNT lost close to 10% too.
My take: the L2 thesis is shifting from chain count to real usage and fee revenue.
Is this a shakeout, or the start of real L2 consolidation?
#OP #Layer2 #CryptoNews
DYOR
Two Ethereum layer-2 networks have now shut down in a single week, with Pudgy Penguins' Abstract the latest to go offline. (-7%) and (-7%) got dragged down with it, while MNT lost close to 10% too.
My take: the L2 thesis is shifting from chain count to real usage and fee revenue.
Is this a shakeout, or the start of real L2 consolidation?
#OP #Layer2 #CryptoNews
DYOR