Chainfeeds Introduction:
Crypto KOL IceFrog sorted out the basic pattern, development model, market data and future breakthrough path of the Layer2 track. He believes that once the Ethereum application side achieves a breakthrough on the basis of solving interoperability, Layer2 may regain its former glory.
Source:
https://x.com/Ice_Frog666666/status/1833361694611144876
Article author:
Icefrog
Viewpoint:
IceFrog: Through a comprehensive review of the basic structure, development model, market performance data and future breakthroughs of the Layer2 track, we can see that: 1) Some projects rely on airdrop expectations to PUA users. Once the coin issuance is completed, they will instantly return to their original form and basically no one cares about them, such as ZkSync and Blast; 2) Some rely on the original accumulated ecological niche and user base, and continue to occupy the forefront of the market through technological innovation and good operations, and are expected to win the game in the fierce competition, such as Arbitrum and Optimism; 3) Some have luxurious backgrounds and unprecedented financing, and can only rely on airdrop expectations to support themselves, such as Linea and Scroll. Data facts prove that L2 has not been falsified, but L2 through airdrop expectations PUA users has been falsified. If we look at it from a long-term perspective, the most important thing in L2's business model is the gas fee, which is highly dependent on C-end users. Contrary to expectations, most L2s with high financing and high expectations have chosen to continue to build dolls on B-end infrastructure. New narratives such as RAAS, DAAS, and AVS as a service continue to emerge. This is equivalent to each project building a main road or a tool for building roads, but the entrance to the road is overgrown with weeds and no one cares. Infra is popular, and Application is rare. After all, the former is faster and can get more financing, while the latter is slow and unsexy, which has led to the imbalance of Ethereum's development today. Looking forward to the future, on the basis of solving interoperability, once the Ethereum application end has achieved a breakthrough, L2 may regain its former glory.
Content Sources 
