Analyst Claims Junk L2s Are Being Phased Out, Ethereum Value Capture Logic Returns

On October 7, crypto analyst Ted stated that with a large number of junk L2s gradually exiting the market, and projects like Abstract and Blast announcing shutdowns, he has become more optimistic about Ethereum. Ted believes that the lesson conveyed by this trend is that projects should be built directly on the Ethereum mainnet, rather than creating unnecessary chains that aim to extract value from their own communities. He emphasized: stop creating unnecessary chains.

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