X @mert | helius.dev

Thesis Analysis - Solana's core focus is on execution and market presence, not replacing the need for focused chains built independently [1] - L2s and RaaS providers are specifically designed to facilitate companies in creating rollups as an alternative to building an entire L1 [1] - Building an L2 is significantly easier (10x) than building an L1, yet companies are still choosing the latter [1] - Companies launching L1s is not necessarily a rejection of Solana's thesis [1] Market Strategy - Companies aim for hundred billion (100 billion) market capitalization, and they perceive L1s as a more direct route to achieve this goal [1] - Companies may find building and maintaining L1s to be exceptionally challenging [1]