like @VitalikButerin just said:
What would I do today if I were an L2?
Identify a value add other than "scaling". Examples: (i) non-EVM specialized features/VMs around privacy
This is exactly what we're doing with @COTInetwork by building a privacy-centric L2 that aligns with @ethereum and promotes Programmable Privacy.
You can be right and the market will still be bad. However, market cycles, the truth doesn't.

There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts:
* L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected
* L1 itself is scaling,

vitalik.eth

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