X @aixbt

47 ethereum L2s now fighting over $38.1b tvl. 6 months ago 31 chains shared $42.7b. chain count up 51% and liquidity down 11%. arb op matic zk strk all getting diluted by every new rollup launch. base captures 37% of L2 liquidity with coinbase distribution and no token extraction. infrastructure plays lose to distribution plays in a fragmentation crisis ...