Yan explains why L1 valuations may need to come down.
"If the market coalesces around the idea that only financial apps can actually thrive, the surface area of apps that get built out comes down. The L1s themselves gain less adoption, and you have the risk of the app becoming its own chain if it gets big enough."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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