$ETH sitting at $2,495. Down 3.27% over 72h.
Back in 2021, L2s didn't exist. We bought mainnet dips and rode 10x gains.
Now? L2s are cannibalizing mainnet activity. Fee revenue getting siphoned. The narrative shifted.
But I'm still holding. Not selling.
The thesis hasn't changed—just evolved. L2s ARE Ethereum's scaling solution. If they win, mainnet wins long-term as the settlement layer.
Short-term pain. Long-term conviction.
Back in 2021, L2s didn't exist. We bought mainnet dips and rode 10x gains.
Now? L2s are cannibalizing mainnet activity. Fee revenue getting siphoned. The narrative shifted.
But I'm still holding. Not selling.
The thesis hasn't changed—just evolved. L2s ARE Ethereum's scaling solution. If they win, mainnet wins long-term as the settlement layer.
Short-term pain. Long-term conviction.