they didn't start out as general-purpose L1s/L2s 😁 ...

(your favorite game) on an 🔺L1. ...

Network Update - Sei Network is now integrated with Backpack [1] - Backpack offers a unified wallet and trading ecosystem [1] Technology & Speed - Sei Network is positioned as the fastest Layer 1 (L1) blockchain [1] Trading - Markets are expected to move faster on Sei [1]

⚡️ KASIA ON $KAS - Learn how @kaspaunchained's new app showcases the L1's capabilities...https://t.co/Jlu8f0fKhj ...

AI agents are coming fast. But without their own L1, they’ll be locked in private silos.Youmio puts agents on-chain with transparent identity, memory, and provenance.Users stay in control. Developers get composable rails.It all starts here:https://t.co/cLTuR1t323 ...

Key Metrics - ETH in treasuries surged by 5,829% [2] - ETH on CEXs hit the lowest level since 2016 [2] - L2s now see 5x more daily users than L1 [2]

ETH Supply Dynamics - Over 30 days, 6,000 ETH (Ethereum) were burned versus 79,000 ETH issued [1] - The market anticipates that ETH will become unstoppable [2] On-Chain Metrics & Requirements for Price Increase - The market observes a strong bullish narrative for ETH [3] - For a significant upward price movement, strong on-chain metrics for Layer 1 (L1) are desired [3] - Transaction count needs to break a 3-year slowdown [3] - Active addresses need to start increasing [3] - Price increase, transactions, and active addresses have yet to make ETH deflationary [3] - Scaling the L1 is necessary [3] - New decentralized applications (dApps) on the mainnet are needed [3] - More activity on the L1 is required [3]

Layer Categorization - The industry expresses a desire to move away from L1/L2/L-whatever categories due to alignment disagreements [1] - The industry views these categories as simply chains [1] Market Sentiment - The crypto community sentiment towards L1 and L2 alternates every 6-8 months [2] - The industry has officially entered the L2 rotation [2]

Layer Technology Analysis - Layer 1, Layer 2, Layer 3, or Layer n are marketing terms with no technical significance [1] - Purchasing decisions based on the number of layers (Ln's) is not advisable [1] Technical Perspective - All layers ultimately function as state controllers [1]

Update:Its been tossed around that they will launch an L1, rather than follow Robinhood's footsteps with an L2. No official confirmation here yet, but I've heard this from multiple sources (in person and in DMs).Robinhood vs. Coinbase for now. Soon Stripe enters the game.Andy (@ayyyeandy):Rumor mill is saying Stripe is the next major fintech company to launch their own chain. ...