RT DBCrypto (@DBCrypt0)Ethereum promised the vision.It failed then, and it’s still failing now.L2s are like businesses in a cityThey pay no taxesTake all the benefitsAnd can pack up and leave whenever they wantThat’s not sustainable. It’s parasitic. https://t.co/6y2cTPYyEm ...

L2s (Layer 2 scaling solutions) Future - Industry anticipates the beginning of the end for L2s [1]

Industry Adoption & Interoperability - The industry sees value in corporate chains, even if not directly building on existing chains, as they facilitate converting cryptocurrency to real-world goods [1] - The industry highlights the potential for increased flow between cryptocurrency and traditional systems, benefiting the overall ecosystem [1] - The industry acknowledges the complexity (8-12 hops) involved in converting assets like NFTs to usable credits (e.g, Google Play) [1] Institutional Perspective - Institutions might prefer building their own L1 chains due to concerns about the reliability of existing L2 infrastructure and partners [2] - The industry suggests that years of L2 development might be bypassed by institutions opting for independent solutions [2]

DeFi & Layer 2 - The industry is debating whether Ethereum or new Layer 2 solutions will dominate the future of DeFi [1] - The industry is placing bets on the future leader in the DeFi space [1]

all these corporations launching L1s instead of L2s (or just using existing L1s) has nothing to do with product experience or distribution btwyou can build the same customizations with 100x less pain by creating L2 or using something like extensions on Solanathe reason must simply be that L1s can be worth hundreds of billions and when youre at that size theres just not many other billion dollar shots you can take ...

L2 Bridge Infrastructure - The industry envisions a standardized bridge for all Layer 2 solutions from the outset [1]

Ethereum Network Activity - Ethereum is hitting all-time highs (ATHs) in multiple metrics [1] - Daily transactions are at ATHs [1] - Active addresses are at ATHs [1] - Stablecoin supply is at ATHs [1] Scaling Impact - Ethereum is powering Layer 2 solutions (L2s), which it wasn't doing the last time it hit similar numbers [1] - Ethereum is powering 20 times the amount of transactions [1] - Ethereum is powering 10 times the amount of active addresses [1] - Ethereum is powering $15 million more in Stablecoin supply [1]

RT Marc, the Degen CEO of Polygon Labs (💜,⚔️, ※) (@0xMarcB)it is great to see Vitalik focusing on the user experience of L2s. it is clearly a better user experience to be able to to withdraw assets from a chain in under an hour rather than days. the key to making this happen is using zk proofs. this is one of the architectural decisions made on @katana that makes it better for defi than any other L2 since there is no need to wait days to withdraw assets.this is all made possible because of the plonky3 proof ...

DeFi Position Tracking - The platform allows users to view their DeFi positions across multiple protocols including Lido Finance, Aave, and Compound Finance [2] - The service supports multiple networks such as Ethereum and Layer 2 solutions [2] - The platform is accessible via MetaMask Extension and Mobile [2] Future Development - More features and details are expected to be released soon [1]

Layer 2 (L2) Networks - L2s are heating up, indicating increased activity or interest in Layer 2 scaling solutions [1]