Risks and Concerns - User funds are held on off-chain servers, posing risks, especially with increasing economic volatility [1] - Until this year, none of these servers were even Stage 1, and still, none of them are Stage 2 [1] - Users may suffer losses due to being skeptical of L2 solutions being "Ethereum" [1] - A forced transaction delay of 18 days exists [1] Technical Distinctions - Technical distinctions between Ethereum and other platforms matter [1] - The market values Ethereum's value in L2s [2] Industry Perspective - Some "Solana" people (technical individuals) are skeptical about everything being Ethereum due to technical differences [1] - Fidelity argues that Ethereum's value is the GDP on top of it, meaning its value is in L2s [2]